ITG Releases March 2017 U.S. Trading Volume
10 April 2017 - 8:59PM
ITG (NYSE:ITG), a leading independent broker and financial
technology provider, today announced that March 2017 U.S. trading
volume was 3.7 billion shares and average daily volume (ADV) was
159 million shares, compared to 2.9 billion shares and ADV of 154
million shares in February 2017 and 3.5 billion shares and ADV of
159 million shares in March 2016. There were 23 trading days in
March 2017, 19 trading days in February 2017 and 22 trading days in
March 2016.
ITG U.S. Trading Activity
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 POSIT
Alert.
|
# 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* |
|
|
|
|
|
|
|
|
|
March 2017 |
23 |
3,654,331,370 |
158,883,973 |
62,952,961 |
259 |
13,310,565 |
23,708 |
37,761 |
|
|
|
|
|
|
|
|
|
YTD 2017 |
62 |
9,355,930,178 |
150,902,100 |
62,760,512 |
276 |
15,210,260 |
24,124 |
38,675 |
*Excluding shares crossed through POSIT Alert from ITG
algorithms
During March 2017 there was a continued high percentage of
volume from lower-rate sell-side clients, as well as increased
trading activity from index clients associated with rebalance
events, resulting in a decline in overall average revenue per share
as compared to both February 2017 and the fourth quarter of
2016.
International Trading ActivityThe average daily
trading commissions in March 2017 in ITG’s Canadian, European and
Asia Pacific businesses were up approximately 7% in U.S. dollar
terms on a combined basis as compared to the fourth quarter of
2016.
These statistics are preliminary and may be revised in
subsequent updates and public filings. 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
Investment Technology Group (NYSE:ITG) is a global financial
technology company that helps leading brokers and asset managers
improve returns for investors around the world. We empower traders
to reduce the end-to-end cost of implementing investments via
technology-enabled liquidity, execution, analytics and workflow
solutions. ITG has offices in Asia Pacific, Europe and North
America and offers execution services in more than 50 countries.
Please visit www.itg.com for more information.
ITG Media/Investor Contact:
J.T. Farley
(212) 444-6259
corpcomm@itg.com
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