ITG Releases June 2016 U.S. Trading Volumes
NEW YORK, July 11, 2016 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced that June 2016 U.S. trading volume was 3.1 billion shares and average daily volume (ADV) was 141 million shares. This compares to 2.6 billion shares and ADV of 124 million shares in May 2016 and 4.0 billion shares and ADV of 182 million shares in June 2015. There were 22 trading days in both June 2016 and June 2015 and 21 trading days in May 2016.
In addition to overall U.S. trading volumes, ITG also provides a monthly summary of average daily volume (double counted) and average trade size for the POSIT® crossing network and the POSIT Alert® indications system for block crossing.
ITG U.S. Trading Activity
| # of Trade Days |
Total U.S. Volume |
Average U.S. Daily Volume |
Average POSIT Daily Volume |
Average POSIT Trade Size |
Average POSIT Alert Daily Volume |
POSIT Alert Average Trade Size |
POSIT Alert Avg. Trade Size Ex- Algos* |
|||
| June 2016 | 22 | 3,109,164,126 | 141,325,642 | 50,083,136 | 266 | 10,239,145 | 16,095 | 35,088 | ||
| YTD 2016 | 125 | 18,288,925,681 | 146,311,405 | 57,009,410 | 272 | 11,767,831 | 15,733 | 34,113 | ||
*Excluding shares crossed through POSIT Alert from ITG algorithms
During June 2016 there was a significant increase in index rebalance trading activity as compared to the first quarter of 2016, reducing the overall average revenue per share.
International Trading Activity
The average daily trading commissions in June 2016 in ITG’s Canadian, European and Asia Pacific businesses were up approximately 8% on a combined basis as compared to the first quarter of 2016.
These statistics are preliminary and may be revised in subsequent updates and public filings. U.S. volume statistics are posted on the investor relations section of ITG’s website, investor.itg.com and are available via a downloadable spreadsheet file.
About ITG
ITG applies technology and trading expertise to reduce implementation costs, helping clients improve investment performance. An independent broker established in 1987, ITG provides liquidity, execution, analytics and workflow solutions to leading asset management and brokerage firms. Investment Technology Group, Inc. (NYSE:ITG) has offices in Asia Pacific, Europe and North America and offers trading services in more than 50 countries. For more information, please visit www.itg.com.
ITG Media/Investor Contact: J.T. Farley (212) 444-6259 corpcomm@itg.com
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