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Former CEO of ITG seeks $13 million from firm

Robert Gasser claims contract breached and punitive damages

ITG is based in New York
ITG is based in New York

The ex-chief executive of Investment Technology Group is seeking $13 million from his former firm three months after being forced out, according to a new company filing.

Robert Gasser left after an outside law firm found he hadn't disclosed to ITG's board of directors some details of alleged improprieties related to the brokerage firm's "dark pool", The Wall Street Journal reported in August. Dark pools are private trading venues where buyers and sellers trade anonymously.

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