08.08.2016
By John D'Antona Editor, Traders Magazine

ITG Releases July 2016 U.S. Trading Volumes

08.08.2016 By John D'Antona Editor, Traders Magazine

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.

Related articles

  1. By Greta Zhou and Andy Cheung, APAC AES, Credit Suisse

  2. Rich Repetto Talks Exchanges, Market Structure, ETFs

    Senior exec talks about the importance of Diversity, Equity & Inclusion in financial services.

  3. MiFID II to Boost Automation

    Intelligent automation can speed and reduce defects in all manual processes around trading.

  4. Looking Deeper into Trade Execution

    Risk assessment and effectiveness testing are key components of passing regulatory muster.

  5. Symphony CEO Brad Levy spoke about navigating a 'supercycle' of changes.