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NEW YORK, March 08, 2017 -- ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced that February 2017 U.S. trading volume was 2.9 billion shares and average daily volume (ADV) was 154 million shares, compared to 2.8 billion shares and ADV of 139 million shares in January 2017 and 3.4 billion shares and ADV of 168 million shares in February 2016. There were 19 trading days in February 2017 and 20 trading days in both January 2017 and February 2016.
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* | |||
| February 2017 | 19 | 2,921,832,690 | 153,780,668 | 64,525,203 | 276 | 16,769,626 | 24,730 | 39,365 | ||
| YTD 2017 | 39 | 5,701,598,808 | 146,194,841 | 62,647,017 | 287 | 16,330,592 | 24,328 | 39,129 | ||
*Excluding shares crossed through POSIT Alert from ITG algorithms
During February 2017 there was a continued high percentage of volume from lower-rate sell-side clients, as well as increased trading activity from certain passive/index clients, resulting in a decline in overall average revenue per share as compared to both January 2017 and the fourth quarter of 2016.
International Trading Activity
The average daily trading commissions in February 2017 in ITG’s Canadian, European and Asia Pacific businesses were up approximately 7% in U.S. dollar terms on a combined basis as compared to the fourth quarter of 2016.
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]
