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ITG Releases February 2017 U.S. Trading Volume

NEW YORK, March 08, 2017 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced that February 2017 U.S. trading volume was 2.9 billion shares and average daily volume (ADV) was 154 million shares, compared to 2.8 billion shares and ADV of 139 million shares in January 2017 and 3.4 billion shares and ADV of 168 million shares in February 2016. There were 19 trading days in February 2017 and 20 trading days in both January 2017 and February 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*
                 
February 2017 19     2,921,832,690   153,780,668   64,525,203   276   16,769,626   24,730 39,365
                 
YTD 2017 39     5,701,598,808   146,194,841 62,647,017 287   16,330,592   24,328 39,129

                                                          *Excluding shares crossed through POSIT Alert from ITG algorithms      

During February 2017 there was a continued high percentage of volume from lower-rate sell-side clients, as well as increased trading activity from certain passive/index clients, resulting in a decline in overall average revenue per share as compared to both January 2017 and the fourth quarter of 2016.

International Trading Activity
The average daily trading commissions in February 2017 in ITG’s Canadian, European and Asia Pacific businesses were up approximately 7% in U.S. dollar terms on a combined basis as compared to the fourth 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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