KCG Reports February 2014 Trade Volumes, FX Volume Slumps -10.8% MoM

KCG Holdings Inc. has just released its trade volumes for the month ending February 2014, revealing an average daily volume

kcg thumbIndependent securities firm KCG Holdings Inc. has just released its trade volumes for the month ending February 2014, revealing an average daily volume of $30.4 billion in forex transactions, down -10.8% MoM from $34.1 billion, according to a KCG statement.

The New Jersey-based firm’s forex trading apparatus, KCG Hotspot had already reported robust volumes in January ($34.1 billion in average daily volume traded), which when weighed against a figure of $30.4 billion represented a sizable decline MoM. However, compared to $30.1 billion in average daily in February 2013, the February 2014 month notched a 1% YoY gain.

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In terms of global execution services, KCG’s Knight Direct and GETAlpha yielded a combined 285.2 million shares traded. Furthermore, KCG averaged $27.4 billion in volume traded during the month of February 2014, corresponding with 3.9 million trades per day or 20.0 billion shares in total. This was relative to $27.9 billion in volume in January 2014, marking a -1.8% decline MoM. Overall in the month of February however, there were 19 trading days in U.S. equities, along with 20 trading days in foreign exchange markets.

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