ITG’s August Volumes Notch Steady Growth MoM Despite Stagnating Volatility

ITG (NYSE:ITG), an independent execution broker and financial technology provider, has reported its latest batch of volumes, this time for the month ending August 2016. Its latest US trading volumes were characterized by a surge in figures relative to July, according to a recent ITG report.

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ITG’s total trading volumes had previously been in a state of flux over the past few months, having recently undergone a multi-month decline in the aftermath of a turbulent June, dictated by Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or 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. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or 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. Trad Read this Term. During August 2016 however, ITG reported its total volumes at 2.45 billion shares, compared with just 2.25 billion in June 2016 or 8.9% MoM.

This also corresponded to an average daily volume (ADV) of 106.6 million during August 2016, relative to 112.4 million in ADV during July 2016 – this was reflective of a decline of -5.0% MoM, given a differential in trading days from 23 to 20. However, over a yearly timetable, the figures are much lower, constituting a retreat of -20.4% YoY from 134.0 million in August 2015.

During August 2015, ITG’s average daily trading commissions across its Canadian, European, and Asia-Pacific (APAC) businesses were also down approximately -14.0% in US dollar terms on a combined basis, relative to Q2 2016 – this was in line with market activity in those regions, each of which having experienced similar declines in volumes over this period.