Breaking: KCG Hotspot Volumes Wither -10.2% MoM in October

Friday, 14/11/2014 | 13:18 GMT by Jeff Patterson
  • KCG Holdings Inc has announced the release of its October 2014 volumes, highlighted by $34.9 billion in daily volume and a MoM growth of 28.5% from September’s figures.
Breaking: KCG Hotspot Volumes Wither -10.2% MoM in October
kcg

KCG Holdings Inc has officially announced the release of its October 2014 volumes, with the foreign exchange business of the company, KCG Hotspot, averaging $34.3 billion per day in notional foreign exchange dollar volume in October 2014, which was lower by -10.2% MoM from September's figures totaling $38.2 billion per day.

In market-making, KCG's averaged $34.9 billion dollars in volume traded, with 5.4 billion shares and 4.4 million trades per day on the U.S. stock market.

On the heels of September’s robust volumes of $27.1 billion, KCG managed to substantially best its volumes with $35.9 billion in average daily volume. Across a yearly time frame, October 2014’s volume represents a 26.6% jump YoY from October 2013 ($27 billion).

KCG electronic execution averaged 354.9 million shares traded per day in U.S. equities while the company's fixed income Trading Platform , BondPoint, averaged $126.0 million per day.

Market Volatility throughout the month of November is ongoing, with stock markets continuing to mark all-time highs on a weekly basis. The Japanese yen made another round lower in the aftermath of the Bank of Japan's new easing measures announced at the end of October, while the British pound suffered materially after the Bank of England toned down its inflation and growth prospects.

kcg

KCG Holdings Inc has officially announced the release of its October 2014 volumes, with the foreign exchange business of the company, KCG Hotspot, averaging $34.3 billion per day in notional foreign exchange dollar volume in October 2014, which was lower by -10.2% MoM from September's figures totaling $38.2 billion per day.

In market-making, KCG's averaged $34.9 billion dollars in volume traded, with 5.4 billion shares and 4.4 million trades per day on the U.S. stock market.

On the heels of September’s robust volumes of $27.1 billion, KCG managed to substantially best its volumes with $35.9 billion in average daily volume. Across a yearly time frame, October 2014’s volume represents a 26.6% jump YoY from October 2013 ($27 billion).

KCG electronic execution averaged 354.9 million shares traded per day in U.S. equities while the company's fixed income Trading Platform , BondPoint, averaged $126.0 million per day.

Market Volatility throughout the month of November is ongoing, with stock markets continuing to mark all-time highs on a weekly basis. The Japanese yen made another round lower in the aftermath of the Bank of Japan's new easing measures announced at the end of October, while the British pound suffered materially after the Bank of England toned down its inflation and growth prospects.

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
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