EX-99.1 4 a18-39809_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

ITG Releases October 2018 U.S. Trading Volumes and Provides International Trading Commission Update

 

NEW YORK, November 8, 2018 — ITG (NYSE: ITG), a leading agency broker and financial technology provider, today announced that October 2018 U.S. trading volume was 3.7 billion shares and average daily volume (ADV) was 160 million shares, compared to 2.7 billion shares and ADV of 144 million shares in September 2018 and 2.8 billion shares and ADV of 126 million shares in October 2017. There were 23 trading days in October 2018, 19 trading days in September 2018 and 22 trading days in October 2017.

 

ITG U.S. Trading Activity

 

In addition to overall U.S. trading volumes, ITG also provides a monthly summary of average daily volume (double-counted) and average trade size for the POSIT® crossing network and POSIT Alert.

 

 

 

# of
Trade
Days

 

Total U.S.
Volume

 

Average U.S.
Daily Volume

 

Average
POSIT
Daily
Volume

 

Average
POSIT
Trade
Size

 

Average
POSIT
Alert Daily
Volume

 

Average
POSIT
Alert
Trade Size

 

Avg. POSIT
Alert Trade
Size Ex-
Algos*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

October 2018

 

23

 

3,680,562,929

 

160,024,475

 

65,006,148

 

289

 

17,009,548

 

11,607

 

34,017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

YTD 2018

 

211

 

28,566,059,603

 

135,384,169

 

50,647,452

 

285

 

14,271,386

 

14,929

 

35,209

 

 

*Excluding shares crossed through POSIT Alert from ITG algorithms

 

Average U.S. revenue per share in October 2018 was approximately 4% lower than the average in the third quarter of 2018.

 

 

International Trading Activity

 

The average daily trading commissions in October 2018 in ITG’s Canadian, European and Asia Pacific businesses were up approximately 17% in U.S. dollar terms on a combined basis as compared to the third quarter of 2018 and were up approximately 15% as compared to October 2017. On a blended international basis, there were approximately 23 trading days in October 2018 and 22 days in October 2017. POSIT Alert set new monthly records for both global value crossed and European value crossed in October 2018.

 

Commenting on the strong trading activity, ITG President and Chief Executive Officer, Frank Troise, said, “Our performance in October, including a new global Alert record and a return to profitability in the U.S. business, demonstrates the momentum of our franchise and our commitment to helping institutional clients achieve best execution.”

 

These statistics are preliminary and may be revised in subsequent updates and public filings. Volume statistics are posted on the investor relations section of ITG’s website, investor.itg.com and are available via a downloadable spreadsheet file.

 

ITG Dividend Policy

 

Separately, ITG announced today that it intends to continue payment of its regular quarterly cash dividend of $0.07 per share prior to the acquisition of the firm by Virtu Financial Inc., which is expected to close in the first half of 2019.

 

About ITG

 

Investment Technology Group (NYSE: ITG) is a global financial technology company that helps leading brokers and asset managers improve returns for investors around the world. We empower traders to reduce the end-to-end cost of implementing investments via liquidity, execution, analytics and workflow technology solutions. ITG has offices in Asia

 

 

Pacific, Europe and North America and offers execution services in more than 50 countries. Please visit www.itg.com for more information.

 

ITG Investor/Media Contact:

J.T. Farley

(212) 444-6259

corpcomm@itg.com

 

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