ITG Reports Solid June 2015 Volumes, Rising 10.5% MoM
- ITG’s (NYSE:ITG) June volumes came in at 4.0 billion shares, up 24.5% YoY.
ITG (NYSE:ITG), a leading independent Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co broker and research provider, has reported its US trading volumes for the month ending June 2015, which came in at 4.0 billion shares, according to an ITG statement.
The June trading volume marks a 10.5% rise MoM, with trading volumes in May 2015 coming in at 3.6 billion - this corresponded to an average daily volume (ADV) of 182 million shares, marginally down by 0.08% MoM from May 2015. Taking a longer term view, the figures represent a 24.5% jump from June 2014.
The June trading volume marks a 10.5% rise MoM and a 24.5% jump from June 2014.
The low ADV differential relative to the overall MoM rise can be attributed to the number of trading days in June. Indeed, while May 2015 accommodated 20 trading days, June comprised an additional two, boasting 22 trading days in total.
In addition, the past month saw a continued high percentage of trading activity from sell-side clients as compared to the level in the first quarter of 2015, as well as increased index rebalance trading activity, reducing the overall average revenue per share.
In May 2015, Bondcube, an electronic matching platform for fixed income trades, announced that ITG had been appointed as a new US intermediary for Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim to buy-side trades.
ITG (NYSE:ITG), a leading independent Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co broker and research provider, has reported its US trading volumes for the month ending June 2015, which came in at 4.0 billion shares, according to an ITG statement.
The June trading volume marks a 10.5% rise MoM, with trading volumes in May 2015 coming in at 3.6 billion - this corresponded to an average daily volume (ADV) of 182 million shares, marginally down by 0.08% MoM from May 2015. Taking a longer term view, the figures represent a 24.5% jump from June 2014.
The June trading volume marks a 10.5% rise MoM and a 24.5% jump from June 2014.
The low ADV differential relative to the overall MoM rise can be attributed to the number of trading days in June. Indeed, while May 2015 accommodated 20 trading days, June comprised an additional two, boasting 22 trading days in total.
In addition, the past month saw a continued high percentage of trading activity from sell-side clients as compared to the level in the first quarter of 2015, as well as increased index rebalance trading activity, reducing the overall average revenue per share.
In May 2015, Bondcube, an electronic matching platform for fixed income trades, announced that ITG had been appointed as a new US intermediary for Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim to buy-side trades.