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): April 10, 2017
INVESTMENT TECHNOLOGY GROUP, INC.
(Exact name of registrant as specified in its charter)
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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 |
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(Former Name or Former Address, if Changed Since Last Report) |
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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 April 10, 2017, Investment Technology Group, Inc. issued a press release announcing trading statistics for the month ended March 31, 2017. 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 April 10, 2017.
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, |
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General Counsel and Secretary and | |
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Duly Authorized Signatory of Registrant | |
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Dated: April 10, 2017 |
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Exhibit 99.1
ITG Releases March 2017 U.S. Trading Volume
NEW YORK, April 10, 2017 ITG (NYSE: ITG), a leading independent broker and financial technology provider, today announced that March 2017 U.S. trading volume was 3.7 billion shares and average daily volume (ADV) was 159 million shares, compared to 2.9 billion shares and ADV of 154 million shares in February 2017 and 3.5 billion shares and ADV of 159 million shares in March 2016. There were 23 trading days in March 2017, 19 trading days in February 2017 and 22 trading days in March 2016.
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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March 2017 |
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23 |
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3,654,331,370 |
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158,883,973 |
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62,952,961 |
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259 |
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13,310,565 |
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23,708 |
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37,761 |
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YTD 2017 |
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62 |
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9,355,930,178 |
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150,902,100 |
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62,760,512 |
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276 |
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15,210,260 |
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24,124 |
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38,675 |
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*Excluding shares crossed through POSIT Alert from ITG algorithms
During March 2017 there was a continued high percentage of volume from lower-rate sell-side clients, as well as increased trading activity from index clients associated with rebalance events, resulting in a decline in overall average revenue per share as compared to both February 2017 and the fourth quarter of 2016.
International Trading Activity
The average daily trading commissions in March 2017 in ITGs Canadian, European and Asia Pacific businesses were up approximately 7% in U.S. dollar terms on a combined basis as compared to the fourth quarter of 2016.
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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