KCG Reports February 2014 Trade Volumes, FX Volume Slumps -10.8% MoM

Independent securities firm KCG Holdings Inc. has just released its trade volumes for the month ending February 2014, revealing an average daily volume of $30.4 billion in Forex transactions, down -10.8% MoM from $34.1 billion, according to a KCG statement.

The New Jersey-based firm’s Forex Trading apparatus, KCG Hotspot had already reported robust volumes in January ($34.1 billion in average daily volume traded), which when weighed against a figure of $30.4 billion represented a sizable decline MoM. However, compared to $30.1 billion in average daily in February 2013, the February 2014 month notched a 1% YoY gain.

In terms of global execution services, KCG’s Knight Direct and GETAlpha yielded a combined 285.2 million shares traded. Furthermore, KCG averaged $27.4 billion in volume traded during the month of February 2014, corresponding with 3.9 million trades per day or 20.0 billion shares in total. This was relative to $27.9 billion in volume in January 2014, marking a -1.8% decline MoM. Overall in the month of February however, there were 19 trading days in U.S. equities, along with 20 trading days in foreign exchange markets.