Independent Trading Group (ITG)

ITG calls its market-making hybrid and means it literally: human market makers paired with proprietary algorithms, with a person keeping watch on every assigned stock at all times. In a segment that has tilted almost entirely toward fully automated liquidity provision, that deliberate human layer is the firm's pitch, and it markets the approach as an edge for thinly traded and volatile names.

Established in Toronto in 1992 and a CIRO dealer-member, it serves as Issuer Designated Market Maker for a large roster of publicly listed Canadian companies across every Canadian venue and US exchanges, alongside agency execution, ultra-low-latency connectivity, and bespoke algorithmic strategies. Its clients lean toward small- and mid-cap issuers and institutions. Privately held, it runs from Toronto with a Montreal satellite.