KCG’s Market Making Volume Clings to Narrow Consolidation in April

Friday, 12/05/2017 | 13:04 GMT by Jeff Patterson
  • KCG managed to hold onto its recent volumes, avoiding an industry-wide pullback in April.
KCG’s Market Making Volume Clings to Narrow Consolidation in April
Bloomberg

Securities trading group KCG Holdings, Inc. (NYSE: KCG) has released its monthly trading statistics for April 2017, which saw its market making figures unchanged on a month-over-month basis, per a group filing.

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The consolidation of trading volumes is rather unusual given a downtick in Volatility and market drivers in the US. By comparison, March featured more activity, helped by the US Federal Reserve’s monetary policy decision. Overall, institutional exchanges all reported lackluster metrics for the month, which makes KCG’s static reading a positive.

During April 2017, KCG reported an average daily US Equities market making figure of $26.3 billion traded, unchanged on a month-over-month basis. The latest figures also continue the trend of highly consolidated turnover and volumes in H1 2017.

April 2017’s volumes were indicative of a marginal year-over-year increase of 1.2 percent from the $26.0 billion set back in April 2016. Moreover, KCG’s total average daily shares traded during April 2017 also yielded 3.21 million shares, down -3.0 percent month-over-month from 3.31 million shares back in March 2017. The change was exacerbated over a yearly timetable, as reflected by a move of -11.1 percent year-over-year from 3.61 million shares per day back in April 2016.

Finally, in terms of KCG’s equities business, the segment did not register any change on a monthly basis. More specifically, its consolidated US equity volume averaged $261.9 billion in dollar volume and 6.6 billion shares traded per day, compared with $269.5 billion in dollar volume and 6.9 billion shares per day, or -2.8 percent month-over-month.

Securities trading group KCG Holdings, Inc. (NYSE: KCG) has released its monthly trading statistics for April 2017, which saw its market making figures unchanged on a month-over-month basis, per a group filing.

The London Summit 2017 is coming, get involved!

The consolidation of trading volumes is rather unusual given a downtick in Volatility and market drivers in the US. By comparison, March featured more activity, helped by the US Federal Reserve’s monetary policy decision. Overall, institutional exchanges all reported lackluster metrics for the month, which makes KCG’s static reading a positive.

During April 2017, KCG reported an average daily US Equities market making figure of $26.3 billion traded, unchanged on a month-over-month basis. The latest figures also continue the trend of highly consolidated turnover and volumes in H1 2017.

April 2017’s volumes were indicative of a marginal year-over-year increase of 1.2 percent from the $26.0 billion set back in April 2016. Moreover, KCG’s total average daily shares traded during April 2017 also yielded 3.21 million shares, down -3.0 percent month-over-month from 3.31 million shares back in March 2017. The change was exacerbated over a yearly timetable, as reflected by a move of -11.1 percent year-over-year from 3.61 million shares per day back in April 2016.

Finally, in terms of KCG’s equities business, the segment did not register any change on a monthly basis. More specifically, its consolidated US equity volume averaged $261.9 billion in dollar volume and 6.6 billion shares traded per day, compared with $269.5 billion in dollar volume and 6.9 billion shares per day, or -2.8 percent month-over-month.

About the Author: Jeff Patterson
Jeff Patterson
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About the Author: Jeff Patterson
Head of Commercial Content
  • 5448 Articles
  • 106 Followers

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