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

Independent 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 Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term transactions, down -10.8% MoM from $34.1 billion, according to a KCG statement.

The New Jersey-based firm’s Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term 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.

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.