KCG Hotspot Volumes Slump by 21.5% in April to $25.2 Billion Daily

Wednesday, 14/05/2014 | 11:56 GMT by Victor Golovtchenko
  • The company has reported it's lowest FX volumes since the final month of 2012, primarily due to the ongoing low volatility theme that has engulfed the foreign exchange markets during the month of April.
KCG Hotspot Volumes Slump by 21.5% in April to $25.2 Billion Daily
kcghotspot

FX Volumes at KCG's Hotspot division have slumped in the month of April by 20% to $25.2 billion daily, marking the lowest average daily volume since December 2012. The total amount of trading during the month has come out at $555 billion, which is 17.6% lower than in the month of March.

Compared to a year ago the figures are somewhat lower - by about 14.6%, which can not be a big surprise considering the ongoing low volatility theme in 2014, especially since the start of the month of April. KCG reports volumes, counting one side of the transaction since the second quarter of 2012.

Looking at the company's overall figures, the consolidated volume of U.S. equity trades averaged $273.5 billion and 6.6 billion shares traded per day.

kcghotspot

FX Volumes at KCG's Hotspot division have slumped in the month of April by 20% to $25.2 billion daily, marking the lowest average daily volume since December 2012. The total amount of trading during the month has come out at $555 billion, which is 17.6% lower than in the month of March.

Compared to a year ago the figures are somewhat lower - by about 14.6%, which can not be a big surprise considering the ongoing low volatility theme in 2014, especially since the start of the month of April. KCG reports volumes, counting one side of the transaction since the second quarter of 2012.

Looking at the company's overall figures, the consolidated volume of U.S. equity trades averaged $273.5 billion and 6.6 billion shares traded per day.

About the Author: Victor Golovtchenko
Victor Golovtchenko
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About the Author: Victor Golovtchenko
Victor Golovtchenko: Key voice in crypto and FX, providing cutting-edge market analysis.
  • 3424 Articles
  • 25 Followers

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