ITG, an independent broker and financial technology provider, published its preliminary monthly trading volumes for September 2018 today. Despite there being only 19 trading days in September, compared to 23 in August, it saw a monthly uptick in US trading volume.
In September of 2018, the total US trading volume was 2.7 billion shares. This translates to an average daily volume of 144 million shares. As a percentage, this is up by more than three percent from August’s result, which experienced a total of 2.6 billion shares traded or 114 million shares on average per day.
Last year in September, the broker reported a total US trading volume of 2.6 billion shares and an average daily volume of 130 million shares. During this month, there were 20 trading days, one more when compared with this year.
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ITG’s POSIT Alert, an indications-matching network that notifies interested buy-side institutions of a block-size trading opportunity, saw an average daily volume of 13.1 million shares. This is 797,893 or 6 percent less than the same period last year.
International Trading Activity For ITG
Taking a look at ITG’s international trading activity, commissions in September for the brokers Canadian, European and Asia Pacific businesses were down by around 12 percent on a combined basis in US dollar terms when compared to the second quarter of this year.
On a year-on-year basis, the combined trading volume was down around one percent. When factoring in international public holidays, on a blended basis, there were around 20 trading days in September of both 2017 and this year.
ITG is an international financial technology company that assists brokers and asset managers to improve returns for investors. The firm has offices in Asia Pacific, Europe, and North America and offers its services in more than 50 countries around the world.