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ITG Releases July 2018 U.S. Trading Volumes And Provides International Trading Commission Update

Date 08/08/2018

ITG (NYSE: ITG), a leading independent broker and financial technology provider, today announced that July 2018 U.S. trading volume was 2.7 billion shares and average daily volume (ADV) was 127 million shares, compared to 3.3 billion shares and ADV of 157 million shares in June 2018 and 2.6 billion shares and ADV of 129 million shares in July 2017. There were 21 trading days in both July 2018 and June 2018and 20 trading days in July 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
Average
POSIT
Alert
Trade Size
Avg. POSIT
Alert Trade
Size Ex-
Algos*
                 
July 2018 21 2,659,012,886 126,619,661 47,725,438 313 17,064,990 13,610 35,934
                 
YTD 2018 146 19,530,742,015 133,772,206 49,331,112 288 14,295,813 17,121 35,607

                                                           *Excluding shares crossed through POSIT Alert from ITG algorithms      

Average revenue per share in July 2018 was approximately 5% higher than the average in the second quarter of 2018.

International Trading Activity

The average daily trading commissions in July 2018 in ITG’s Canadian, European and Asia Pacificbusinesses were down approximately 2% in U.S. dollar terms on a combined basis as compared to the second quarter of 2018 and were up approximately 27% as compared to July 2017. On a blended international basis, there were approximately 22 trading days in July 2018 and 21 trading days in July 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.