ITG Sees Rebound in US Volumes During June Amidst Brexit Volatility

ITG (NYSE:ITG), an independent execution broker and financial technology provider, has reported its latest batch of volumes, this time for the month ending June 2016. Its latest US trading volumes were characterized by a surge in figures relative to May, according to a recent ITG report.

ITG’s total trading volumes had been in free-fall since March, having undergone a four-month ascension – since then however, its volumes have faded in a multi-month decline, which promptly ended in June. During June 2016, ITG reported its total volumes at 3.1 billion shares, notching a strong growth against just 2.6 billion in May 2016 or 19.2% MoM.

The latest surge constitutes the 'Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term effect', which saw a groundswell of Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term and volumes during the latter stages of June. Given the success of the Brexit leave vote was not priced in, venues and exchanges worldwide saw heightened trading volumes amidst widespread uncertainty.

Furthermore, ITG’s average daily volume (ADV) showed a figure of 141.3 million shares in June 2016, up 14.1% MoM 123.8 million shares just one month prior – this gain was pared when weighed against its 2015 equivalent however, as the latest figures correlated to a YoY decline of -3.4% from 146.3 million shares in ADV during June 2015. June 2016 also featured a total of 22 trading days, relative to 21 in May 2016.