UNITED STATES
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
Date of report (Date of earliest event reported): June 8, 2016
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 |
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(Commission |
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(IRS Employer |
One Liberty Plaza, 165 Broadway |
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10006 |
(Address of Principal Executive Offices) |
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(Zip Code) |
Registrants telephone number, including area code: (212) 588-4000
(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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 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 June 8, 2016, Investment Technology Group, Inc. issued a press release announcing trading statistics for the month ended May 31, 2016. 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 June 8, 2016.
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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Date: June 8, 2016 |
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 May 2016 U.S. Trading Volumes
NEW YORK, June 8, 2016 ITG (NYSE: ITG), a leading independent broker and financial technology provider, today announced that May 2016 U.S. trading volume was 2.6 billion shares and average daily volume (ADV) was 124 million shares. This compares to 2.7 billion shares and ADV of 129 million shares in April 2016 and 3.6 billion shares and ADV of 182 million shares in May 2015. There were 21 trading days in both May 2016 and April 2016 and 20 trading days in May 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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May 2016 |
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21 |
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2,600,661,892 |
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123,841,042 |
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48,375,790 |
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267 |
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9,937,719 |
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15,356 |
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33,588 |
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YTD 2016 |
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103 |
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15,179,761,555 |
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147,376,326 |
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58,488,808 |
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274 |
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12,094,347 |
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15,670 |
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33,939 |
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*Excluding shares crossed through POSIT Alert from ITG algorithms
International Trading Activity
The average daily trading commissions in May 2016 in ITGs Canadian, European and Asia Pacific businesses were down approximately 8% on a combined basis as compared to the first quarter of 2016.
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 applies technology and trading expertise to reduce implementation costs, helping clients improve investment performance. An independent broker established in 1987, ITG provides liquidity, execution, analytics and workflow solutions to leading asset management and brokerage firms. Investment Technology Group, Inc. (NYSE: ITG) has offices in Asia Pacific, Europe and North America and offers trading services in more than 50 countries. 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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