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ITG Releases September 2017 U.S. Trading Volume

NEW YORK, Oct. 09, 2017 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced that September 2017 U.S. trading volume was 2.6 billion shares and average daily volume (ADV) was 130 million shares, compared to 2.7 billion shares and ADV of 117 million shares in August 2017 and 2.7 billion shares and ADV of 128 million shares in September 2016. There were 20 trading days in September 2017, 23 trading days in August 2017 and 21 trading days in September 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*
                 
September 2017 20 2,601,048,154 130,052,408 53,641,510 254 15,135,675 20,356 36,786
                 
YTD 2017 188 26,536,473,406 141,151,454 59,132,251 268 15,369,324 21,467 37,473

*Excluding shares crossed through POSIT Alert from ITG algorithms      

ITG’s average revenue capture per share was comparable to the second quarter of 2017, as trading activity in September 2017 included lower-rate index rebalancing.

International Trading Activity
The average daily trading commissions in September 2017 in ITG’s Canadian, European and Asia Pacific businesses were up approximately 2% in U.S. dollar terms on a combined basis as compared to the second quarter of 2017. On a blended international basis, there were approximately 21 trading days in September 2017.

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 liquidity, execution, analytics and workflow technology 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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Source: Investment Technology Group Inc.

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