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): December 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 December 8, 2016, Investment Technology Group, Inc. issued a press release announcing trading statistics for the month ended November 30, 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 December 8, 2016.
SIGNATURES
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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By: |
/s/ Angelique F.M. DeSanto | |
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Name: |
Angelique F.M. DeSanto |
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Title: |
Managing Director, General Counsel and Secretary and Duly Authorized Signatory of Registrant |
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Dated: December 8, 2016 |
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Exhibit 99.1
ITG Releases November 2016 U.S. Trading Volume
Fourth Consecutive Monthly Increase in U.S. Market Share
New Monthly Records for POSIT Alert in the U.S. and Europe
NEW YORK, December 8, 2016 ITG (NYSE: ITG), a leading independent broker and financial technology provider, today announced that consolidated U.S. market share increased for the fourth consecutive month in November 2016 as trading volume rose to 3.3 billion shares and average daily volume (ADV) was 159 million shares. This compares to 2.6 billion shares and ADV of 125 million shares in October 2016 and 2.5 billion shares and ADV of 123 million shares in November 2015. There were 21 trading days in both November 2016 and October 2016 and 20 trading days in November 2015. ITG also set a new U.S. record for average daily volume traded in the POSIT Alert® indications system for block crossing.
International Trading Activity
The average daily trading commissions in November 2016 in ITGs Canadian, European and Asia Pacific businesses were up approximately 26% in U.S. dollar terms on a combined basis as compared to the third quarter of 2016. Average daily value traded in POSIT Alert in Europe hit a new record in November 2016.
Commenting on the improved trading activity in November, ITG President and Chief Executive Officer, Frank Troise, said, POSIT Alert is a valuable source of block liquidity around the world, and we are committed to enhancing the capabilities of this flagship product to help our clients achieve best execution. Troise added, We are intensifying our engagement with clients in our execution business and strengthening our analytics and workflow solutions.
ITG U.S. Trading Activity
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 POSIT Alert.
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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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November 2016 |
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21 |
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3,331,846,130 |
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158,659,340 |
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66,054,676 |
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308 |
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21,299,590 |
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26,202 |
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41,649 |
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YTD 2016 |
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231 |
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31,647,654,162 |
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137,002,832 |
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54,197,368 |
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280 |
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12,573,297 |
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18,666 |
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36,338 |
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*Excluding shares crossed through POSIT Alert from ITG algorithms
These statistics are preliminary and may be revised in subsequent updates and public filings. 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
Investment Technology Group (NYSE: ITG) is a global financial technology company that helps leading brokers and asset managers improve returns for investors around the world. We empower traders to reduce the end-to-end cost of implementing investments via technology-enabled liquidity, execution, analytics and workflow solutions. ITG has offices in Asia Pacific, Europe and North America and offers execution services in more than 50 countries. Please visit www.itg.com for more information.
ITG Media/Investor Contact:
J.T. Farley
(212) 444-6259
corpcomm@itg.com
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