KCG’s December Volumes Incur MoM Decline, Equities Outpacing 2015 Figures

Tuesday, 17/01/2017 | 13:26 GMT by Jeff Patterson
  • KCG's December volumes could not sustain momentum, though its equities segment outpaced 2015 figures.
KCG’s December Volumes Incur MoM Decline, Equities Outpacing 2015 Figures
Bloomberg

Securities trading firm KCG Holdings, Inc. (NYSE: KCG) has disclosed a composite of trading statistics for the month ending December 2016, which saw a pullback in key segments following a seasonal slowdown of market activity, per a company report.

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Just one month ago, markets were heavily influenced by US elections and a strong influx of worldwide trading activity that helped propel volumes to record levels. However, during December 2016, KCG reported an average daily US Equities market making figure of $26.7 traded, which fell -18.6% on a MoM basis, compared to $32.8 billion in November 2016.

The trend was virtually universal across institutional and Retail Trading venues in December, with volumes all suffering from a lack of market drivers and seasonal slowdowns due to the observance of holidays in the Western world.

Moreover, December 2016’s volumes also were reflective of a YoY decline of -6.0% from $28.4 billion set back in December 2015.

Equities Volumes Outpacing 2015

KCG’s total average daily shares traded during December 2016 yielded 3.4 million shares, down from 3.9 million shares back in November 2016, or -12.8% MoM. The decline was also evident over a yearly timetable, as indicated by a move of -8.1% YoY from 3.7 million shares per day back in December 2015.

In terms of KCG’s equities business, the segment also edged lower in December 2016, reporting a total average daily shares traded of 6.4 million trades, registering a retreat of -4.5% MoM from 6.7 million trades per day in November 2016. Looking over a yearly interval, KCG’s equities business was however higher by 39.1% YoY relative to December 2015, which saw just 4.6 million trades per day.

Securities trading firm KCG Holdings, Inc. (NYSE: KCG) has disclosed a composite of trading statistics for the month ending December 2016, which saw a pullback in key segments following a seasonal slowdown of market activity, per a company report.

To unlock the Asian market, register now to the iFX EXPO in Hong Kong.

Just one month ago, markets were heavily influenced by US elections and a strong influx of worldwide trading activity that helped propel volumes to record levels. However, during December 2016, KCG reported an average daily US Equities market making figure of $26.7 traded, which fell -18.6% on a MoM basis, compared to $32.8 billion in November 2016.

The trend was virtually universal across institutional and Retail Trading venues in December, with volumes all suffering from a lack of market drivers and seasonal slowdowns due to the observance of holidays in the Western world.

Moreover, December 2016’s volumes also were reflective of a YoY decline of -6.0% from $28.4 billion set back in December 2015.

Equities Volumes Outpacing 2015

KCG’s total average daily shares traded during December 2016 yielded 3.4 million shares, down from 3.9 million shares back in November 2016, or -12.8% MoM. The decline was also evident over a yearly timetable, as indicated by a move of -8.1% YoY from 3.7 million shares per day back in December 2015.

In terms of KCG’s equities business, the segment also edged lower in December 2016, reporting a total average daily shares traded of 6.4 million trades, registering a retreat of -4.5% MoM from 6.7 million trades per day in November 2016. Looking over a yearly interval, KCG’s equities business was however higher by 39.1% YoY relative to December 2015, which saw just 4.6 million trades per day.

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