GLOBE NEWSWIRE – ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced that July 2016 U.S. trading volume was 2.2 billion shares and average daily volume (ADV) was 112 million shares. This compares to 3.1 billion shares and ADV of 141 million shares in June 2016 and 4.3 billion shares and ADV of 197 million shares in July 2015. There were 20 trading days in July 2016 and 22 trading days in both June 2016 and July 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* |
|||
| July 2016 | 20 | 2,248,698,298 | 112,434,915 | 45,633,530 | 274 | 10,495,555 | 21,350 | 38,542 | ||
| YTD 2016 | 145 | 20,537,623,979 | 141,638,786 | 55,440,323 | 273 | 11,592,345 | 16,268 | 34,620 | ||
| *Excluding shares crossed through POSIT Alert from ITG algorithms | ||||||||||
International Trading Activity
The average daily trading commissions in July 2016 in ITG’s Canadian, European and Asia Pacific businesses were down approximately 2% in U.S. dollar terms on a combined basis as compared to the second quarter of 2016.
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.
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
Michael Peters will retire in September 2024 after almost 30 years.
-
The industry must embrace a new way of thinking to ensure a smooth transition.
-
Banks can seize an advantage by harnessing the power of untapped transaction data.
-
Newly retired State Street Global Advisors exec discusses the evolution of the FX market, and current challeng...
-
Understanding value can help firms focus efforts and make effective strategy and spending decisions.