Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Instagram Outage Disrupts Thousands of U.S. Users 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
NEW YORK, Sept. 11, 2017 -- ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced that August 2017 U.S. trading volume was 2.7 billion shares and average daily volume (ADV) was 117 million shares, compared to 2.6 billion shares and ADV of 129 million shares in July 2017 and 2.5 billion shares and ADV of 107 million shares in August 2016. There were 23 trading days in both August 2017 and August 2016 and 20 trading days in July 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.
| # 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* | |||
| August 2017 | 23 | 2,685,721,402 | 116,770,496 | 52,681,643 | 246 | 13,251,670 | 21,467 | 36,233 | ||
| YTD 2017 | 168 | 23,935,425,252 | 142,472,769 | 59,785,911 | 270 | 15,397,139 | 22,611 | 37,556 | ||
| *Excluding shares crossed through POSIT Alert from ITG algorithms | ||||||||||
ITG’s average revenue capture per share in August 2017 was slightly higher than the second quarter of 2017.
International Trading Activity
The average daily trading commissions in August 2017 in ITG’s Canadian, European and Asia Pacific businesses were down approximately 11% in U.S. dollar terms on a combined basis as compared to the second quarter of 2017. On a blended international basis, there were approximately 22 trading days in August 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 Media/Investor Contact:
J.T. Farley
(212) 444-6259
[email protected]
