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ITG says index rebalancing hurt September revenue per share figure

Published 10/08/2018, 11:07 AM
Updated 10/08/2018, 11:07 AM
© Reuters.  ITG says index rebalancing hurt September revenue per share figure
  • ITG (NYSE:ITG) falls 1.6% after reporting September U.S. revenue per share was 8% below the average in Q2 2018, due in part to an increase in lower-rate index rebalance trading.
  • September U.S. trading volume of 2.7B shares edged up from 2.6B shares a year ago; August 2018 U.S. trading volume was also 2.6B.
  • Average daily volume was 144M shares for September, up 11% Y/Y, and up 26% from August.
  • There were 19 trading days in Sept. 2018, 23 trading days in Aug. 2018, and 20 trading days in Sept. 2017.
  • Previously: ITG trading volume lower despite increase in trading days (Sept. 11)
  • Now read: Trash This 7% Preferred Shares For The Significantly Better 7% Baby Bond


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