ITG reports trading volume was 3.7 billion shares for March 2017
ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced that March 2017 U.S. trading volume was 3.7 billion shares and average daily volume (ADV) was 159 million shares, compared to 2.9 billion shares and ADV of 154 million shares in February 2017 and 3.5 billion shares and ADV of 159 million shares in March 2016. There were 23 trading days in March 2017, 19 trading days in February 2017 and 22 trading days in March 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.
*Excluding shares crossed through POSIT Alert from ITG algorithms
During March 2017 there was a continued high percentage of volume from lower-rate sell-side clients, as well as increased trading activity from index clients associated with rebalance events, resulting in a decline in overall average revenue per share as compared to both February 2017 and the fourth quarter of 2016.
International Trading Activity
The average daily trading commissions in March 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.