ITG’s Trading Volumes Spike in November, Fueled by Volatility

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, has released its latest batch of monthly of statistics, this time corresponding to November 2016. Its latest US trading volumes were highlighted by an explosion in volumes relative to the month prior, helped by the US election and its aftermath.

ITG’s total trading volumes last month had appeared to be in a slight downturn, with 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 in short supply in October. However, during November 2016, ITG reported its total volumes at 3.33 billion shares, compared with just 2.63 billion in October 2016 or 26.6% MoM.

November Seeing Fresh Highs

This also was indicative of an average daily volume (ADV) of 158.6 million in November 2016, relative to 125.3 million in ADV during October 2016. This performance corresponds to of a change of 26.6% MoM, in light of a differential in trading days from 21 in November to 20 in October. However, year-to-date, the ADV was also much higher in November, constituting an average of 137.0 million, or 15.8%.

During November 2016, ITG’s average daily trading commissions across its Canadian, European, and Asia-Pacific (APAC) businesses were also up approximately 26.0% in US dollar terms on a combined basis, relative to Q3 2016, almost doubling in this area since last month.