ITG Releases October 2016 U.S. Trading Volumes
November 09 2016 - 9:00AM
ITG (NYSE:ITG), a leading independent broker and financial
technology provider, today announced that October 2016 U.S. trading
volume was 2.6 billion shares and average daily volume (ADV) was
125 million shares. This compares to 2.7 billion shares and ADV of
128 million shares in September 2016 and 2.7 billion shares and ADV
of 122 million shares in October 2015. There were 21 trading days
in both October 2016 and September 2016 and 22 trading days in
October 2015.
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
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# ofTradeDays |
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Total U.S.Volume |
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Average U.S.Daily Volume |
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AveragePOSITDailyVolume |
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AveragePOSITTradeSize |
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AveragePOSITAlert DailyVolume |
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POSITAlertAverageTrade Size |
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POSIT AlertAvg. TradeSize Ex-Algos* |
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October2016 |
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21 |
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2,631,886,609 |
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125,327,934 |
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52,504,600 |
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294 |
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14,073,710 |
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22,594 |
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36,714 |
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YTD 2016 |
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210 |
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28,315,808,032 |
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134,837,181 |
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53,011,637 |
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277 |
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11,700,668 |
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17,737 |
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35,555 |
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*Excluding shares crossed through POSIT Alert from ITG
algorithms |
In October 2016, average daily volume in POSIT
Alert rose to its highest level since July 2015. On a sequential
basis, U.S. consolidated market share increased for the third
consecutive month in October 2016.
International Trading ActivityThe average daily
trading commissions in October 2016 in ITG’s Canadian, European and
Asia Pacific businesses were up approximately 14% in U.S. dollar
terms on a combined basis as compared to the third quarter of 2016.
Daily value traded in POSIT Alert rose to a new record high in
October in Europe, while it was the second highest on record in
Asia Pacific.
Commenting on the sequential improvements in trading activity,
ITG President and Chief Executive Officer, Frank Troise, said, “Our
U.S. market share is on a positive trajectory, while our
international operations continue to show solid momentum. We are
focused on building upon these gains by providing world-class best
execution solutions to our clients on a global basis.”
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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