UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 


 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported): May 8, 2018

 

INVESTMENT TECHNOLOGY GROUP, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

001-32722

 

95-2848406

(State or Other Jurisdiction
of Incorporation)

 

(Commission
File Number)

 

(IRS Employer
Identification No.)

 

One Liberty Plaza, 165 Broadway
New York, New York

 

10006

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code:  (212) 588-4000

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

 

 

 



 

Item 8.01 Other Events.

 

On May 8, 2018, Investment Technology Group, Inc. issued a press release announcing trading statistics for the month ended April 30, 2018. A copy of this press release is attached hereto as Exhibit 99.1.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

99.1

 

Press release issued by Investment Technology Group, Inc. on May 8, 2018.

 

2



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

INVESTMENT TECHNOLOGY GROUP, INC.

 

 

 

By:

/s/ Angélique F.M. DeSanto

 

 

Name:

Angélique F.M. DeSanto

 

 

Title:

Managing Director, General Counsel and Secretary and Duly Authorized Signatory of Registrant

 

Dated:  May 8, 2018

 

3


Exhibit 99.1

 

 

ITG Releases April 2018 U.S. Trading Volumes and Provides International Trading Commission Update

 

NEW YORK, May 8, 2018 — ITG (NYSE: ITG), a leading independent broker and financial technology provider, today announced that April 2018 U.S. trading volume was 2.5 billion shares and average daily volume (ADV) was 117 million shares, compared to 2.9 billion shares and ADV of 136 million shares in March 2018 and 2.4 billion shares and ADV of 127 million shares in April 2017. There were 21 trading days in both April 2018 and March 2018, and 19 trading days in April 2017.

 

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

 

Average
POSIT
Alert
Trade Size

 

Avg. POSIT
Alert Trade
Size Ex-
Algos*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

April 2018

 

21

 

2,466,576,556

 

117,456,026

 

43,631,286

 

283

 

11,638,829

 

20,400

 

35,268

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YTD 2018

 

82

 

10,850,053,175

 

132,317,722

 

50,372,863

 

278

 

13,140,541

 

21,980

 

36,483

 

 


*Excluding shares crossed through POSIT Alert from ITG algorithms

 

ITG’s average revenue capture per share in April 2018 was in line with the average in the first quarter of 2018.

 



 

International Trading Activity

 

The average daily trading commissions in April 2018 in ITG’s Canadian, European and Asia Pacific businesses were down approximately 11% in U.S. dollar terms on a combined basis as compared to the first quarter of 2018 and were up approximately 7% as compared to April 2017. On a blended international basis, there were approximately 20 trading days in April 2018 and 19 days in April 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 Investor/Media Contact:

 

J.T. Farley

(212) 444-6259

corpcomm@itg.com

 

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