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ITG Releases February 2016 U.S. Trading Volumes

NEW YORK, March 08, 2016 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced that February 2016 U.S. trading volume was 3.4 billion shares and average daily volume (ADV) was 168 million shares. This compares to 3.0 billion shares and ADV of 159 million shares in January 2016 and 3.5 billion shares and ADV of 185 million shares in February 2015. There were 20 trading days in February 2016 and 19 trading days in both January 2016 and February 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

     
  # 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*
                 
February
2016
20 3,351,165,434 167,558,272 68,002,740 277 13,798,120 15,941 33,553
                 
YTD 2016 39 6,378,226,362 163,544,266 67,467,729 269 12,972,418 15,682 33,934
*Excluding shares crossed through POSIT Alert from ITG algorithms     

International Trading Activity
The average daily trading commissions in February 2016 in ITG’s Canadian, European and Asia Pacific businesses were up by more than 15% on a combined basis as compared to the fourth quarter of 2015. 

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 is an independent broker and financial technology firm that improves the efficiency and execution quality of institutional trading. ITG helps clients understand market trends, mitigate risk and navigate increasingly complex markets. A leader in electronic trading since launching the POSIT crossing network in 1987, ITG takes a consultative approach in delivering the highest quality execution and liquidity solutions along with analytical tools and research. The firm is headquartered in New York with offices in North America, Europe, and the Asia Pacific region. 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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