ITG reports June U.S. average daily volume 147M shares ITG announced that June 2014 U.S. trading volume was 3.1 billion shares and average daily volume was 147 million shares. This compares to 3.0 billion shares and ADV of 144 million shares in May 2014 and 3.5 billion shares and ADV of 174 million shares in June 2013. There were 21 trading days in both June 2014 and May 2014 and 20 trading days in June 2013.
ITG enters cooperation agreement with Philadelphia Financial, Voce Capital ITG (ITG) announced that it has reached an agreement with shareholders Philadelphia Financial Management of San Francisco and Voce Capital Management and added a new independent member to its board of directors, Jarrett Lilien, former president and COO of E*TRADE Financial (ETFC). ITG has further agreed to conduct a search for a second additional independent board member, with input from Philadelphia Financial and Voce Capital. Lilien will join the board of directors' newly formed Capital Committee, which will review the Company's allocation and use of capital in and among its various businesses and geographies and make recommendations to the full Board regarding further capital optimization strategies. Philadelphia Capital and Voce Capital have committed to support all of the Board's nominees at ITG's annual meeting of shareholders.