ITG: May 2016 U.S. Trading Volume, Average Daily Volume Decline - Quick Facts

(RTTNews) - Investment Technology Group, Inc. (ITG), an independent broker and financial technology provider, announced Wednesday that May 2016 U.S. trading volume was 2.6 billion shares, lower than last year's 3.6 billion shares.

Average daily volume or ADV was 124 million shares, compared to 182 million shares in May 2015.

There were 21 trading days in May 2016 and 20 trading days in May 2015.

The average daily trading commissions in May 2016 in ITG's Canadian, European and Asia Pacific businesses were down approximately 8% on a combined basis as compared to the first quarter of 2016.