ITG November 2015 Volumes Incur Consecutive Monthly Decline

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 released its US trading volumes for the month ending November 2015, having incurred another consecutive monthly decrease, according to an ITG volumes report.

During the month ending November 2015, ITG’s US volumes yielded just 2.46 billion shares, falling -8.2% MoM from 2.68 billion shares in October 2015 – this corresponded to an average daily volume (ADV) of 123.0 million shares, which was actually higher by 1.0% MoM from 121.9 million shares in ADV in October 2015.

The reported loss in trading volumes was slightly pared by the trading days, i.e. just 20 days in November 2015, vs. 22 in October 2015, given the observance of the Thanksgiving holiday in the United States. However, when weighted against its 2014 counterpart, ITG’s November figures represent a loss of -27.6% from 3.4 billion shares in November 2014.

In addition, ITG’s average daily commissions in during August 2015 across its Canadian, European and Asia-Pacific (APAC) Asia-Pacific (APAC) The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or The Asia-Pacific (APAC) region is one of the fastest growing in terms of population. This region in particular is of great importance to the financial services industry, as it is seen as the largest growth market for clients.APAC is comprised of diverse currency markets that are shaped by various and, at times, competing forces, from global regulation to local capital controls.The region has been seen as one of the hardest to enter by FX brokers for this reason, as well as grappling cultural or Read this Term) businesses were down a collective -3.0% QoQ when weighted against Q3 2015.

According to ITG’s interim CEO Jarrett Lilien in a recent statement on the lackluster metrics, “We continue to make meaningful progress in the customer win-back column, although work remains to bring our trading back to the levels of the first half of 2015.”

ITG recently made headlines after it expanded the services offered via its RFQ multi-asset platform for over-the-counter (OTC) derivatives to the Asia-Pacific (APAC) region. The expansion was in line with the broker’s global footprint growth plans and follows the appointment of former Bloomberg sales ace Jake Tantleff, who will join the RFQ sales team in Hong Kong.