ITG January 2016 Volumes Rebound After Weak Year End

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, released today its US trading volumes for January 2016. According to ITG’s data, last month saw a strong rebound after consecutive declines.

Total trading volumes stood at 3 billion shares and ADV (average daily volume) was 159 million shares. ITG showed an increase in MoM volumes, from a total monthly volume of 2.8 billion shares and AVD of 129 million shares in December 2015.

However, January 2016 was weaker in volumes YoY. January 2015 saw a record high in trading volumes, reaching a total of 3.6 billion traded shares and ADV climbing to 179 million shares, with 20 trading days compared to 19 in 2016.

In addition, average daily trading commissions in January 2016 in ITG’s Canadian, European and Asia Pacific businesses were up a combined 5% compared to the fourth quarter of 2015.

According to ITG’s Q4 2015 financial report, quarterly profit was almost double when compared to Q4 2014, from $149.0 million to $224.2 million. On the other hand, expenses decreased from $131.2 million in Q4 of 2014 to $119.5 million in Q4 2015.

ITG made headlines recently when it announced the service expansion offered via its RFQ multi-asset platform to the APAC (Asia-Pacific) region. With this move the broker wanted to ramp up its presence with a platform that connects the Buy-Side Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term with the sell-side. That decision is in line with its current strategic plans and it followed the appointment of Jake Tantleff – an ex-Bloomberg sales expert that joined the RFQ team in Hong Kong.