KCG’s August Volumes Dwindle, Equities ADV Gains Momentum

KCG Holdings, Inc. (NYSE: KCG), a comprehensive securities trading exchange, has just reported its latest trading statistics for the month ending August 2016, which again trended lower in terms of overall metrics, continuing a downward trend for consecutive months, according to a KCG statement.

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During August 2016, KCG reported an average daily US equities market making figure of $24.1 billion traded, which fell lower by -8.0% MoM compared to $26.2 billion back in July 2016. The primary culprit for this decline was an extended bout of low Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term that afflicted US markets during August, which was largely relegated to wait-and-see mode with respect to the US Federal Reserve’s forward looking monetary policy.

In addition, August 2016’s volumes also reflected a YoY pullback by a margin of -32.3% YoY from $35.6 billion set back in August 2015.

ADV Also Continues Decline

KCG’s total average daily shares traded during August 2016 also yielded 3.1 million shares, down from 3.5 million shares back in July 2016, or -11.4% MoM. The decline was even more pronounced over a yearly timetable, retreating -32.6% YoY from 4.6 million shares per day back in August 2015.

However, KCG’s equities business did managed to gain some ground in August 2016, reporting a total average daily trade metrics of 3.7 million trades, registering a growth of 5.7% MoM from 3.5 million trades per day in July 2016. Across a yearly interval, KCG’s equities business was also lower by -17.8% YoY relative to August 2015, having reported 4.5 million trades per day.

At the time of writing, KCG share prices have been stuck in a tight range, well situated below a previous 52-week high of $15.21. Presently, share prices are operating at $14.30 figure ahead of the US open Thursday.

Earlier today, KCG completed the acquisition of Neonet Securities, a Swedish independent agency broker and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term specialist, following its earlier bid to acquire the group back in July 2016.