ITG Releases September 2016 U.S. Trading Volumes
October 10 2016 - 6:59AM
ITG (NYSE:ITG), a leading independent broker and financial
technology provider, today announced that September 2016 U.S.
trading volume was 2.7 billion shares and average daily volume
(ADV) was 128 million shares. This compares to 2.5 billion shares
and ADV of 107 million shares in August 2016 and 2.6 billion shares
and ADV of 122 million shares in September 2015. There were 21
trading days in both September 2016 and September 2015 and 23
trading days in August 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* |
|
|
|
|
|
|
|
|
|
September2016 |
21 |
2,693,661,812 |
128,269,610 |
49,075,333 |
290 |
12,114,510 |
23,149 |
40,295 |
|
|
|
|
|
|
|
|
|
YTD 2016 |
189 |
25,683,921,423 |
135,893,764 |
53,067,975 |
276 |
11,436,996 |
17,231 |
35,415 |
*Excluding shares crossed through POSIT Alert
from ITG algorithms
In September 2016 the average trade size for POSIT Alert rose to
its highest level since 2009. On a sequential basis, U.S.
consolidated market share increased modestly for the second
consecutive month in September 2016, due in part to an increase in
volume from lower-priced market-on-close (MOC) orders associated
with portfolio rebalancing. This shift significantly reduced the
overall average revenue per share in September 2016 as compared to
the second quarter of 2016.
International Trading Activity
The average daily trading commissions in September 2016 in ITG’s
Canadian, European and Asia Pacific businesses were down
approximately 9% in U.S. dollar terms on a combined basis as
compared to the second 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
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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