SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
September 9, 2015
Date of Report (Date of earliest event reported)
INVESTMENT TECHNOLOGY GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware |
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001-32722 |
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95-2848406 |
(State or other jurisdiction of |
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(Commission file number) |
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(I.R.S. Employer |
One Liberty Plaza, 165 Broadway
New York, New York 10006
(Address of principal executive offices)
(212) 588-4000
(Registrants telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communication pursuant to Rule 425 under the Securities Act (17. CFR 230.425)
o Soliciting material pursuant to Rule 14a-2 under the Exchange Act (17. CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17. CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17. CFR 240.13e-4(c))
Item 8.01 Other Events
On September 9, 2015 Investment Technology Group, Inc. issued a press release announcing trading statistics for the month ended August 31, 2015. A copy of this press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 Press release issued by Investment Technology Group, Inc. on September 9, 2015.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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INVESTMENT TECHNOLOGY GROUP, INC. | |
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(Registrant) | |
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Date: September 9, 2015 |
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By: |
/s/ STEVEN R. VIGLIOTTI |
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Steven R. Vigliotti |
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Chief Financial Officer and |
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Duly Authorized Signatory of Registrant |
Exhibit 99.1
ITG RELEASES AUGUST 2015 U.S. TRADING VOLUMES
NEW YORK, September 9, 2015 ITG (NYSE: ITG), a leading independent execution broker and research provider, today announced that August 2015 U.S. trading volume was 2.8 billion shares and average daily volume (ADV) was 134 million shares. This compares to 4.3 billion shares and ADV of 197 million shares in July 2015 and 2.8 billion shares and ADV of 135 million shares in August 2014. There were 21 trading days in both August 2015 and August 2014 and 22 trading days in July 2015.
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 the POSIT Alert indications system for block crossing.
ITG U.S. Trading Activity
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# of |
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Total U.S. |
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Average U.S. |
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Average |
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Average |
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Average |
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POSIT |
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POSIT Alert |
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August 2015 |
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21 |
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2,806,911,287 |
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133,662,442 |
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55,991,590 |
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241 |
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5,095,790 |
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15,595 |
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29,087 |
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Year-to-Date: |
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167 |
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30,318,518,530 |
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181,548,014 |
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89,134,210 |
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261 |
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14,671,070 |
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15,586 |
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33,926 |
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*Excluding shares crossed through POSIT Alert from ITG algorithms
Average daily trading volume for the period of August 1st through August 26th, prior to the CenturyLink U.S. data center outage, was 144 million shares. During August 2015 there was an increase in the percentage of trading activity from sell-side clients as compared to the level in the second quarter of 2015, significantly reducing the overall average revenue per share.
International Trading Activity
The average daily commissions in August 2015 in ITGs Canadian, European and Asia Pacific businesses was down a combined 35% compared to the second quarter of 2015.
We are committed to all of our customers and thankful for the approximately 1000 clients who traded with ITG globally during the month of August, said ITG interim CEO Jarrett Lilien. We are particularly grateful for the clients who continue to interact with us in the wake of the final SEC settlement announcement as well as those who have resumed trading with us in recent weeks. We are dedicated to restoring the confidence of all of our clients and building on our nearly three decade history of delivering industry leading solutions and providing best execution.
These statistics are preliminary and may be revised in subsequent updates and public filings. U.S. volume statistics are posted on the investor relations section of ITGs website, investor.itg.com and are available via a downloadable spreadsheet file.
ABOUT ITG
ITG is an independent execution broker and research provider that partners with global portfolio managers and traders to provide unique data-driven insights throughout the investment process. From investment decision through settlement, ITG helps clients understand market trends, improve performance, mitigate risk and navigate increasingly complex markets. ITG is headquartered in New York with offices in North America, Europe, and Asia Pacific. For more information, please visit www.itg.com.
ITG Media/Investor Contact:
J.T. Farley
(212) 444-6259
corpcomm@itg.com
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