ITG Incurs Double Digit Decline in its April Volumes
- ITG's April trading volumes fell by -22.6% MoM, with the Q2 slowdown finally catching up with the venue.
ITG (NYSE:ITG), an 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 Read this Term broker and financial technology provider, today disclosed its US trading volumes for April 2016, which was defined by plunging volumes MoM, according to an ITG statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
ITG’s total trading volumes came in at just 2.7 billion shares in April 2016, a ways off from 3.5 billion shares back in March 2016, or -22.9% MoM. The performance was largely commensurate with other institutional venues that have experienced a decline in volumes throughout Q2 2016.
In addition, ITG’s average daily volume (ADV) justified a figure of 129 million shares in April 2016, down from 159 million shares just one month prior, reflective of a loss of -18.9% MoM – this loss was even more magnified against its 2015 equivalent, having fallen from 184 million shares in ADV during April 2015. The losses in volume also occurred during only 21 trading days in April, compared to 22 in the month prior.
Commissions Cast Ray of Optimism
Another area of ITG’s latest figures that bears notice is its average daily trading commissions in April 2016 across its Canadian, European and Asia Pacific (APAC) operations. These commissions were up by 1.0% compared to Q1 2016, which is noteworthy given such a rapid pullback in volumes across the board. Glancing at ITG’s year-to-date (YTD) volumes, the broker has already secured 12.6 billion shares, whilst averaging a total of 153.4 million shares in ADV, still above its long-term averages.
Last month, ITG made headlines when it named a senior addition to its executive team, appointing Saro Jahani as its Managing Director and Head of Global Technology Architecture.
ITG (NYSE:ITG), an 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 Read this Term broker and financial technology provider, today disclosed its US trading volumes for April 2016, which was defined by plunging volumes MoM, according to an ITG statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
ITG’s total trading volumes came in at just 2.7 billion shares in April 2016, a ways off from 3.5 billion shares back in March 2016, or -22.9% MoM. The performance was largely commensurate with other institutional venues that have experienced a decline in volumes throughout Q2 2016.
In addition, ITG’s average daily volume (ADV) justified a figure of 129 million shares in April 2016, down from 159 million shares just one month prior, reflective of a loss of -18.9% MoM – this loss was even more magnified against its 2015 equivalent, having fallen from 184 million shares in ADV during April 2015. The losses in volume also occurred during only 21 trading days in April, compared to 22 in the month prior.
Commissions Cast Ray of Optimism
Another area of ITG’s latest figures that bears notice is its average daily trading commissions in April 2016 across its Canadian, European and Asia Pacific (APAC) operations. These commissions were up by 1.0% compared to Q1 2016, which is noteworthy given such a rapid pullback in volumes across the board. Glancing at ITG’s year-to-date (YTD) volumes, the broker has already secured 12.6 billion shares, whilst averaging a total of 153.4 million shares in ADV, still above its long-term averages.
Last month, ITG made headlines when it named a senior addition to its executive team, appointing Saro Jahani as its Managing Director and Head of Global Technology Architecture.