KCG Hotspot December Volumes Down From November MoM But Well Above 2012

KCG, an equity market maker and operator of interbank interest rate and FX trading platforms has announced its December volume data. During the month, average daily volumes (ADV) of equity market-making was 5.1 billion shares, or $24.7 billion in notional dollar value, 7.9% below November’s figures.

In FX, KCG Hotspot reported ADV of $27.6 billion, which was 6.8% below November’s trading. However, year-over-year numbers showed encouragement as December’s ADV was 40.8% above the same period in 2012. December’s volumes marked the lowest activity on KCG Hotspot since March 2013. However, as seen below, was within the $25 to $30 billion ADV area that the FX trading venue had been within for much of 2013. The stabilization of volume above $25 billion may indicate that Hotspot's clients are fairly ‘sticky’ in maintaining consistent trading with the venue, despite changing market conditions.