KCG Holdings Cannot Reverse Monthly Decline in Volumes in November

KCG Holdings, Inc. (NYSE: KCG) has released its trading volumes for the month ending November 2015, having seen its performance decline notably over the prior month, according to a KCG statement.

Last month, KCG Holdings (NYSE: KCG) saw its average daily US equities market making come in at $30.3 billion traded during October 2015, which was unchanged from the month prior, despite a YoY decline of -13.2%.

During November 2015 however, KCG’s figures snapped out of a tight consolidation, with its average daily US Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term market making coming in at $27.6 billion traded, or -8.9% MoM from $30.3 billion in October 2015. Over a yearly timeframe, volumes also yielded a decline, albeit by a slightly mitigated figure of -5.8% YoY from $29.3 billion in November 2014.

Moreover, the total average daily shares traded at KCG were reported at just 4.7 billion shares in November 2015, which was lower from October 2015’s figure of 4.8 billion shares – this corresponds to a drop of -2.1% MoM and marks the second consecutive month of a diminishing figure. Meanwhile, total average daily trades yielded just 3.5 million trades per day in US equities during November 2015, falling by -7.9% MoM from 3.8 million trades in October 2015 – November also included less trading days than October, due to the observance of the Thanksgiving holiday in the US.

At the time of writing, KCG (NYSE:KCG) share prices have seen a largely unabated decline since the beginning of December, currently settling at $12.01 ahead of the US open Monday. KCG (NYSE:KCG) share prices still sit comfortably above its 52-week low of $9.75 set this past August and carries despite a low P/E of just 4.64.