KCG’s Trading Volumes Hold Tight Consolidation in April

KCG Holdings, Inc. (NYSE: KCG), a securities trading Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, has reported its trading volumes for the month ending April 2016, which was able to avert a recent decline in its metrics, despite being unable to shake out of a tight consolidation that was established last month, according to a KCG statement.

The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

During April 2016, KCG disclosed an average daily US equities market making figure of $26.0 billion traded, which was itself unchanged MoM relative to $26.0 billion back in March 2016. The latest volumes did however correlate to a YoY decline, reflective of a decline of -11.9% YoY from $29.5 billion in April 2015.

Furthermore, KCG’s total average daily shares traded during April 2016 came in at 5.0 billion shares, which was lower during the month by -2.0% MoM – this decline was mostly attributed to a differential in trading days during April, which numbered only 21.

KCG’s equities business was also pointed lower in April 2016, reporting a total average daily trade metrics of 3.6 million trades, relative to 3.7 million trades per day in March 2016, or -2.7% MoM. Across a yearly time interval, KCG’s equities business was congruent to April 2015, indicating no realized YoY change.

At the time of writing, KCG share prices are still trading in the upper band of its recent uptrend that saw it peak at $14.12 last month. Since then, the share prices have given up the $14 handle, finding a strong level of support at $13.00 ahead of the US open Friday.