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): May 8, 2017
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))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 8.01 Other Events.
On May 8, 2017, Investment Technology Group, Inc. issued a press release announcing trading statistics for the month ended April 30, 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 May 8, 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, General |
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Counsel and Secretary and Duly Authorized Signatory of Registrant |
Dated: May 8, 2017
Exhibit 99.1
ITG Releases April 2017 U.S. Trading Volume
NEW YORK, May 8, 2017 ITG (NYSE: ITG), a leading independent broker and financial technology provider, today announced that April 2017 U.S. trading volume was 2.4 billion shares and average daily volume (ADV) was 127 million shares, compared to 3.7 billion shares and ADV of 159 million shares in March 2017 and 2.7 billion shares and ADV of 129 million shares in April 2016. There were 19 trading days in April 2017, 23 trading days in March 2017 and 21 trading days in April 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 Size |
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Average |
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POSIT |
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POSIT Alert |
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April 2017 |
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19 |
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2,407,450,859 |
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126,707,940 |
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56,289,474 |
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262 |
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14,317,947 |
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22,099 |
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35,099 |
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YTD 2017 |
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81 |
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11,763,381,037 |
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145,226,926 |
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61,242,614 |
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273 |
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15,000,952 |
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23,369 |
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37,860 |
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*Excluding shares crossed through POSIT Alert from ITG algorithms
During April 2017 there was a continued high percentage of volume from lower-rate sell-side clients, resulting in a decline in overall average revenue per share as compared to the first quarter of 2017.
International Trading Activity
The average daily trading commissions in April 2017 in ITGs Canadian, European and Asia Pacific businesses were up approximately 5% in U.S. dollar terms on a combined basis as compared to the first quarter of 2017.
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 technology 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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