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NEW YORK, Dec. 08, 2017 -- ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced that November 2017 U.S. trading volume was 2.9 billion shares and average daily volume (ADV) was 137 million shares, compared to 2.8 billion shares and ADV of 126 million shares in October 2017 and 3.3 billion shares and ADV of 159 million shares in November 2016. There were 21 trading days in both November 2017 and November 2016 and 22 trading days in October 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* | |||
| November 2017 | 21 | 2,874,237,554 | 136,868,455 | 53,657,419 | 270 | 15,861,581 | 24,453 | 37,663 | ||
| YTD 2017 | 231 | 32,187,115,832 | 139,338,164 | 58,125,318 | 269 | 15,478,174 | 22,386 | 37,287 | ||
| *Excluding shares crossed through POSIT Alert from ITG algorithms | ||||||||||
ITG’s average revenue capture per share in November 2017 was in line with the third quarter of 2017.
International Trading Activity
The average daily trading commissions in November 2017 in ITG’s Canadian, European and Asia Pacific businesses were up approximately 20% in U.S. dollar terms on a combined basis as compared to the third quarter of 2017, driven in part by record monthly performance in Asia Pacific. On a blended international basis, there were approximately 22 trading days in November 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]
