Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
FAA Unveils Flight Plan 2026 to Strengthen Aviation Safety and Workforce Development 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
Biren Technology Targets Hong Kong IPO to Raise $300 Million Amid China’s AI Chip Push 
iRobot Files for Chapter 11 Bankruptcy Amid Rising Competition and Tariff Pressures 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
FDA Says No Black Box Warning Planned for COVID-19 Vaccines Despite Safety Debate 
Robinhood Expands Sports Event Contracts With Player Performance Wagers 
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
NEW YORK, Nov. 09, 2016 -- ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced that October 2016 U.S. trading volume was 2.6 billion shares and average daily volume (ADV) was 125 million shares. This compares to 2.7 billion shares and ADV of 128 million shares in September 2016 and 2.7 billion shares and ADV of 122 million shares in October 2015. There were 21 trading days in both October 2016 and September 2016 and 22 trading days in October 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* | ||||||||||||||||||||||
| October 2016 | 21 | 2,631,886,609 | 125,327,934 | 52,504,600 | 294 | 14,073,710 | 22,594 | 36,714 | |||||||||||||||||||||
| YTD 2016 | 210 | 28,315,808,032 | 134,837,181 | 53,011,637 | 277 | 11,700,668 | 17,737 | 35,555 | |||||||||||||||||||||
| *Excluding shares crossed through POSIT Alert from ITG algorithms | |||||||||||||||||||||||||||||
In October 2016, average daily volume in POSIT Alert rose to its highest level since July 2015. On a sequential basis, U.S. consolidated market share increased for the third consecutive month in October 2016.
International Trading Activity
The average daily trading commissions in October 2016 in ITG’s Canadian, European and Asia Pacific businesses were up approximately 14% in U.S. dollar terms on a combined basis as compared to the third quarter of 2016. Daily value traded in POSIT Alert rose to a new record high in October in Europe, while it was the second highest on record in Asia Pacific.
Commenting on the sequential improvements in trading activity, ITG President and Chief Executive Officer, Frank Troise, said, “Our U.S. market share is on a positive trajectory, while our international operations continue to show solid momentum. We are focused on building upon these gains by providing world-class best execution solutions to our clients on a global basis.”
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 [email protected]
