ITG’s Volumes Rebound in February 2017 But Average Revenues Fall
- ITG said the higher volumes in February originated from lower-rate sell-side clients.
Investment Technology Group (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 reported trading metrics across its global business for the month ending February 2017, which saw a steady performance overall, highlighted by a tepid rise in key figures, according to a ITG statement.
During last month, ITG reported its total volumes at 2.92 billion shares, rising by a factor of 5.1 percent month-on-month from 2.78 billion shares in January 2017. The latest figures help pare the recent losses in volumes seen last month at ITG, though the general downtrend in volumes that began in November 2016 has been unable to reverse.
In addition, the positive trend also extended to ITG’s average daily volume (ADV) of 146.19 million in February 2017, good for a growth of 5.2 percent month-on-month from 138.9 million in ADV during January 2017. The higher volume also occurred during only 19 trading days in February, compared to 20 in the month prior.
During the reported period, ITG’s average daily trading commissions across its Canadian, European and Asia Pacific businesses were up approximately 7 percent in U.S. dollar terms on a combined basis as compared to Q4 2016.
In a different vein, ITG said the higher volumes in February originated from lower-rate Sell-Side Sell-Side Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Read this Term clients, as well as increased trading activity from certain passive/index clients, resulting in a decline in overall average revenue per share as compared to both January 2017 and the fourth quarter of 2016.
Investment Technology Group (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 reported trading metrics across its global business for the month ending February 2017, which saw a steady performance overall, highlighted by a tepid rise in key figures, according to a ITG statement.
During last month, ITG reported its total volumes at 2.92 billion shares, rising by a factor of 5.1 percent month-on-month from 2.78 billion shares in January 2017. The latest figures help pare the recent losses in volumes seen last month at ITG, though the general downtrend in volumes that began in November 2016 has been unable to reverse.
In addition, the positive trend also extended to ITG’s average daily volume (ADV) of 146.19 million in February 2017, good for a growth of 5.2 percent month-on-month from 138.9 million in ADV during January 2017. The higher volume also occurred during only 19 trading days in February, compared to 20 in the month prior.
During the reported period, ITG’s average daily trading commissions across its Canadian, European and Asia Pacific businesses were up approximately 7 percent in U.S. dollar terms on a combined basis as compared to Q4 2016.
In a different vein, ITG said the higher volumes in February originated from lower-rate Sell-Side Sell-Side Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Those in the financial industry involved with the production, marketing, and the sale of bonds, forex, stocks, and other financial instruments constitute the sell-side.Products and services produced by the sell-side are geared towards those who on the buy-side. You can think of the sell-side and buy-side like a coin, you cannot have one side without the other. The sell-side is comprised of individuals, firms, fintech companies, and market makers, who are responsible for providing liquidity in th Read this Term clients, as well as increased trading activity from certain passive/index clients, resulting in a decline in overall average revenue per share as compared to both January 2017 and the fourth quarter of 2016.