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| 8-K - 8-K - INVESTMENT TECHNOLOGY GROUP, INC. | a18-17051_18k.htm |
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ITG Releases June 2018 U.S. Trading Volumes and Provides International Trading Commission Update
NEW YORK, July 10, 2018 — ITG (NYSE: ITG), a leading independent broker and financial technology provider, today announced that June 2018 U.S. trading volume was 3.3 billion shares and average daily volume (ADV) was 157 million shares, compared to 2.7 billion shares and ADV of 124 million shares in May 2018 and 3.6 billion shares and ADV of 166 million shares in June 2017. There were 21 trading days in June 2018 and 22 trading days in both May 2018 and June 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.
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# of |
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Total U.S. |
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Average U.S. |
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Average |
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Average |
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Average |
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Average |
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Avg. POSIT |
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June 2018 |
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21 |
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3,294,633,950 |
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156,887,331 |
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50,756,857 |
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293 |
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15,819,014 |
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12,815 |
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33,903 |
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YTD 2018 |
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125 |
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16,871,729,129 |
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134,973,833 |
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49,600,866 |
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284 |
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13,830,591 |
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18,088 |
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35,548 |
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*Excluding shares crossed through POSIT Alert from ITG algorithms
During June 2018 there was a significant increase in index rebalance trading activity, reducing the overall average revenue per share by approximately 9% as compared to the first quarter of 2018.
International Trading Activity
The average daily trading commissions in June 2018 in ITG’s Canadian, European and Asia Pacific businesses were down approximately 4% in U.S. dollar terms on a combined basis as compared to the first quarter of 2018 and were up approximately 20% as compared to June 2017. On a blended international basis, there were approximately 21 trading days in June 2018 and 22 trading days in June 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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