A leading provider in U.S financial markets that had recently reported record market-share on equities, saw its FX volumes in November dip slightly by 0.67% over Octobers totals after its record FX market-share.
New Jersey headquartered KCG Holdings, Inc. (KCG), has today released trade volumes for the month of November 2013, where average daily FX volumes were $29.6 billion, and thus dropped Month-over-Month (MoM) by $200M, or barely seven tenths of a percent from $29.8 billion reported in October.
The multi-asset independent securities firm offering investors a range of services in market-making and agency business across asset classes, product types and time zones, averaged $26.8 billion dollar volume traded, 4.7 billion shares traded, and 4.0 million trades per day in U.S. equities. Foreign Exchange trading through its KCG Hotspot brand saw $29.6 billion per day in notional dollar volume, as noted above and over 21 trading days in November, and was up 37% when compared to the same month last year, according to the official press release.
November FX figures are higher by $600M than the monthly average of ADV which stands at $29 Billon calculated over the last twelve months (Mean Average) including November.
According to its latest monthly statistics information, KCG Hotspot market share accounted for 13.9% of publicly reported spot FX volume in November 2013. While MoM volume was virtually unchanged (-0.3% single-count) year-over-year (YoY) ADV grew by +37% for November.
In the report, KCG Hotspot was again the spot FX reporting venue to post year-over-year growth according to its description against other major reporting interbank and interdealer platforms.
November 2013 Statistics (Single Count, USD):
KCG Hotspot posted an ADV of $29.7 billion. (Based on 21 trading days)
β’ ADV decreased by 0.3% versus October 2013. (October 2013 ADV: $29.8 billion)
β’ ADV increased 37.1% versus November 2012. (November 2012 ADV: $21.6 billion)
Total November Volume: $622.9 billion (/by 21 trading days =$29.66 bln)
The top 5 currency pairs (as can be seen in the graphic above) remained unchanged from the prior month. EUR/USD and USD/JPY saw slight decreases from October, dropping off by 0.05% and 0.85% respectively, while the latter 3 pairs have slightly increased in concentration. AUD/JPY dropped off 4 spots to the 17th traded pair versus 13th in the prior month for KCG Hotspots volumes traded on its ECN, while USD/ZAR pair set a record high at 1.42%, and EUR/SEK, USD/SGD and EUR/NOK all exceeded 1% for the first time.
As per figures compiled in its monthly statistics information report for November 2013, trading activity in Asia and the Europe sessions increased by a respective 0.7% and 1.2% in November, while the Americas session decreased 1.9%, as can be seen in the excerpt below:
Interestingly, while KCG had YoY increases in November compared to YoY decreases reported by other major competitors, its MoM decrease in November (albeit a slight one) fares with increases from those same competing providers MoM. This could indicate an inverse trend of flows during that static-snapshot of time, that since changed, as can be seen in the excerpt from KCG's November compiled statistics:
Under its Group through the reported press release on the KCG corporate website, the company reported the following metrics across its Global Execution Services segments:
- Agency-based algorithmic and EMS trade volumes through KCG EMS, Knight Direct and GETAlpha averaged an aggregate 256.7 million shares traded per day in U.S. equities
- KCG Hotspot averaged $29.6 billion per day in notional foreign exchange dollar volume
- KCG BondPoint averaged $127.3 million per day in fixed income par value
As for the overall market conditions in November, consolidated U.S. equity volume averaged $226.6 billion in dollar volume and 6.1 billion shares traded per day.
The press release noted that the CBOE Volatility Index (VIX) averaged 12.9 in November , and there were 19.5 trading days in U.S. equities, 21 trading days in foreign exchange, and 18.5 trading days in fixed income. An excerpt from the press released comparisons to October 2013 MoM, as well as YoY with November 2012 :
New Jersey headquartered KCG Holdings, Inc. (KCG), has today released trade volumes for the month of November 2013, where average daily FX volumes were $29.6 billion, and thus dropped Month-over-Month (MoM) by $200M, or barely seven tenths of a percent from $29.8 billion reported in October.
The multi-asset independent securities firm offering investors a range of services in market-making and agency business across asset classes, product types and time zones, averaged $26.8 billion dollar volume traded, 4.7 billion shares traded, and 4.0 million trades per day in U.S. equities. Foreign Exchange trading through its KCG Hotspot brand saw $29.6 billion per day in notional dollar volume, as noted above and over 21 trading days in November, and was up 37% when compared to the same month last year, according to the official press release.
November FX figures are higher by $600M than the monthly average of ADV which stands at $29 Billon calculated over the last twelve months (Mean Average) including November.
According to its latest monthly statistics information, KCG Hotspot market share accounted for 13.9% of publicly reported spot FX volume in November 2013. While MoM volume was virtually unchanged (-0.3% single-count) year-over-year (YoY) ADV grew by +37% for November.
In the report, KCG Hotspot was again the spot FX reporting venue to post year-over-year growth according to its description against other major reporting interbank and interdealer platforms.
November 2013 Statistics (Single Count, USD):
KCG Hotspot posted an ADV of $29.7 billion. (Based on 21 trading days)
β’ ADV decreased by 0.3% versus October 2013. (October 2013 ADV: $29.8 billion)
β’ ADV increased 37.1% versus November 2012. (November 2012 ADV: $21.6 billion)
Total November Volume: $622.9 billion (/by 21 trading days =$29.66 bln)
The top 5 currency pairs (as can be seen in the graphic above) remained unchanged from the prior month. EUR/USD and USD/JPY saw slight decreases from October, dropping off by 0.05% and 0.85% respectively, while the latter 3 pairs have slightly increased in concentration. AUD/JPY dropped off 4 spots to the 17th traded pair versus 13th in the prior month for KCG Hotspots volumes traded on its ECN, while USD/ZAR pair set a record high at 1.42%, and EUR/SEK, USD/SGD and EUR/NOK all exceeded 1% for the first time.
As per figures compiled in its monthly statistics information report for November 2013, trading activity in Asia and the Europe sessions increased by a respective 0.7% and 1.2% in November, while the Americas session decreased 1.9%, as can be seen in the excerpt below:
Interestingly, while KCG had YoY increases in November compared to YoY decreases reported by other major competitors, its MoM decrease in November (albeit a slight one) fares with increases from those same competing providers MoM. This could indicate an inverse trend of flows during that static-snapshot of time, that since changed, as can be seen in the excerpt from KCG's November compiled statistics:
Under its Group through the reported press release on the KCG corporate website, the company reported the following metrics across its Global Execution Services segments:
- Agency-based algorithmic and EMS trade volumes through KCG EMS, Knight Direct and GETAlpha averaged an aggregate 256.7 million shares traded per day in U.S. equities
- KCG Hotspot averaged $29.6 billion per day in notional foreign exchange dollar volume
- KCG BondPoint averaged $127.3 million per day in fixed income par value
As for the overall market conditions in November, consolidated U.S. equity volume averaged $226.6 billion in dollar volume and 6.1 billion shares traded per day.
The press release noted that the CBOE Volatility Index (VIX) averaged 12.9 in November , and there were 19.5 trading days in U.S. equities, 21 trading days in foreign exchange, and 18.5 trading days in fixed income. An excerpt from the press released comparisons to October 2013 MoM, as well as YoY with November 2012 :
Finalto Unveils Guidelines for Retail Brokers: "Compliance Is a Culture of Responsibility"
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
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20-22 MAY 2024
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Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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