ITG (NYSE:ITG), a leading independent execution 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.
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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 to buy-side trades.