ITG Reports Robust March 2015 Volumes, ADV Jumps 12.1% MoM

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 research provider, has reported its US trading volumes for the month ending March 2015, which came in at 4.6 billion shares, according to an ITG statement.

During the month ending March 2015, ITG’s US volumes yielded 4.6 billion shares, jumping 31.4% MoM from 3.5 billion shares in February 2015 – this corresponded to an average daily volume (ADV) or 185 million shares, up 12.1% MoM from 165 million shares in ADV in February 2015.

Owing in part to this rise was the differential in trading days. Indeed, there were a total of 22 trading days in March 2015, compared to just 19 trading days in February 2015. In addition, the past two months saw a higher percentage of trading activity 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, offsetting the higher average revenue per share previously noted for January 2015.

Moreover, ITG also revealed in an accompanying statement that it has reached an agreement with shareholders Philadelphia Financial Management of San Francisco and Voce Capital Management LLC. The accepted mandate calls for the appointment of a new independent member to its Board of Directors, Jarrett Lilien. Lilien joins ITG from E*TRADE Financial, having worked as its president and chief operating officer (COO).

Last week, the execution broker launched its Smart Limit Retail Algorithm (also tapped SLimit). The solution caters to a retail order-specific version of the already released ITG Smart Limit Algorithm.