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NEW YORK, Feb. 08, 2016 -- ITG (NYSE:ITG), a leading independent execution broker and financial technology provider, today announced that January 2016 U.S. trading volume was 3.0 billion shares and average daily volume (ADV) was 159 million shares. This compares to 2.8 billion shares and ADV of 129 million shares in December 2015 and 3.6 billion shares and ADV of 179 million shares in January 2015. There were 19 trading days in January 2016, 22 trading days in December 2015 and 20 trading days in January 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* | |||
| January 2016 | 19 | 3,027,060,928 | 159,318,996 | 66,904,560 | 260 | 12,103,258 | 15,382 | 34,374 | ||
| YTD 2016 | 19 | 3,027,060,928 | 159,318,996 | 66,904,560 | 260 | 12,103,258 | 15,382 | 34,374 | ||
| *Excluding shares crossed through POSIT Alert from ITG algorithms | ||||||||||
International Trading Activity
The average daily trading commissions in January 2016 in ITG’s Canadian, European and Asia Pacific businesses were up a combined 5% compared to the fourth quarter of 2015.
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.
About ITG
ITG is an independent execution broker and financial technology provider that partners with global portfolio managers and traders to provide unique data-driven insights throughout the investment process. From investment decision through settlement, ITG helps clients understand market trends, improve performance, mitigate risk and navigate increasingly complex markets. ITG is headquartered in New York with offices in North America, Europe, and Asia Pacific. For more information, please visit www.itg.com.
ITG Media/Investor Contact: J.T. Farley (212) 444-6259 [email protected]
