ITG Sees Slump in Month on Month Trading This April

Trading volumes were down in April - even when taking fewer trading days into account

The Investment Technology Group (ITG), an agency broker and financial technology firm, has released its US trading volumes report for April 2018. Last month saw a decrease in total US trading volumes and average daily trading volumes from March.

In March, investors traded 2.9 billion shares in the US with ITG. This figure was reduced to 2.47 billion in April. This was in part explained by the fact that March had 21 trading days but April had 19.

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That being said, average trading volumes still decreased from March to April – even if the gap, in percentage terms, was smaller than between trading volumes as a whole. ITG finished March with average daily trading volumes of 127 million shares. At the end of April, the average daily trading volume for the month was 117.5 million shares.

Volumes down across the network

Reflecting the slump in total trading volumes, the average daily trading volumes on ITG’s POSIT crossing network decreased in April. While the average number of trades on the network has hovered around 50 million in 2018 so far, in April the number of trades on the system was down to just under 44 million.

ITG also released preliminary figures for trading outside of the US. The company’s Canadian, European and Asia-Pacific businesses saw an 11 percent decrease in daily trading commissions compared to average daily trading commissions for the first three months of 2018.

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