KCG Reports March 2014 Trade Volumes, FX Rebounds 5.6% MoM

KCG Holdings Inc., an independent securities firm, has released its monthly trade volumes for March 2014, highlighted by a MoM increase of 5.6% increase in average daily volume for fx, according to a KCG company statement.

New Jersey-based KCG specializes in a number of asset classes, including Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term. Following lackluster February metrics that were characterized by a depression in KCG Hotspot fx volume by over -10%, a resurgence in volumes seems to have taken place during March. During the month of March 2014, average daily volume for forex came in at $32.1 billion, compared with a figure of $30.1 billion in February (5.5% MoM and 21.6% YoY respectively).

In other areas of KCG’s business, Knight Direct and GETAlpha reported a combined 285.7 million shares traded during March 2014, compared with 285.2 million shares in February, constituting a marginal increase. In addition, KCG averaged $26.6 billion in market making (-3.0% MoM), after trading on 16.8 billion shares in terms of equities – this decrease came despite the month of March featuring 21 equity trading days (vs. only 19 in February).