ITG Releases December 2016 U.S. Trading Volume
January 10 2017 - 6:59AM
ITG (NYSE:ITG), a leading independent broker and financial
technology provider, today announced that consolidated U.S. market
share increased for the fifth consecutive month in December 2016 to
the highest level since July 2015. Trading volume was 3.1 billion
shares and average daily volume (ADV) was 150 million shares,
compared to 3.3 billion shares and ADV of 159 million shares in
November 2016 and 2.8 billion shares and ADV of 129 million shares
in December 2015. There were 21 trading days in both December 2016
and November 2016 and 22 trading days in December 2015.
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.
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# ofTradeDays |
|
Total U.S.Volume |
|
Average U.S.Daily Volume |
|
AveragePOSITDailyVolume |
|
AveragePOSITTradeSize |
|
AveragePOSITAlert DailyVolume |
|
POSITAlertAverageTrade Size |
|
POSIT AlertAvg. TradeSize Ex-Algos* |
|
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|
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|
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|
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|
|
|
|
December2016 |
|
21 |
|
3,147,285,484 |
|
149,870,737 |
|
56,280,524 |
|
276 |
|
13,956,867 |
|
23,897 |
|
39,324 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
YTD 2016 |
|
252 |
|
34,794,939,646 |
|
138,075,157 |
|
54,370,964 |
|
280 |
|
12,688,594 |
|
19,048 |
|
36,576 |
*Excluding
shares crossed through POSIT Alert from ITG
algorithms
The increase in market share in December 2016 was due in part to
an increase in volume from lower-priced market-on-close (MOC)
orders associated with portfolio rebalancing. This contributed to a
significant drop in overall average revenue per share during the
month as compared to the third quarter of 2016.
International Trading ActivityThe average daily
trading commissions in December 2016 in ITG’s Canadian, European
and Asia Pacific businesses were up approximately 23% in U.S.
dollar terms on a combined basis as compared to the third 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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