NEW YORK, Sept. 9, 2014 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading independent execution and research broker, today announced that August 2014 U.S. trading volume was 2.8 billion shares and average daily volume (ADV) was 135 million shares. This compares to 3.2 billion shares and ADV of 143 million shares in July 2014 and 3.2 billion shares and ADV of 146 million shares in August 2013. There were 21 trading days in August 2014 and 22 trading days in both July 2014 and August 2013.
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||POSIT||POSIT||POSIT||Alert||Avg. Trade|
|Trade||Total U.S.||Average U.S.||Daily||Trade||Alert Daily||Average||Size Ex-|
|Days||Volume||Daily Volume||Volume||Size||Volume||Trade Size||Algos*|
|*Excluding shares crossed through POSIT Alert from ITG algorithms|
While rates from buy-side clients continue to be strong, quarter-to-date U.S. trading volume has included a higher mix from sell-side clients, impacting overall average revenue per share.
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.
ITG is an independent execution and research broker 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.
CONTACT: ITG Media/Investor Contact: J.T. Farley (212) 444-6259 email@example.com
Source:Investment Technology Group Inc.