KCG Holdings Inc., an independent securities firm, has released its monthly trade volumes for March 2014, highlighted by a MoM increase of 5.6% increase in average daily volume for fx, according to a KCG company statement.
New Jersey-based KCG specializes in a number of asset classes, including forex and equities. Following lackluster February metrics that were characterized by a depression in KCG Hotspot fx volume by over -10%, a resurgence in volumes seems to have taken place during March. During the month of March 2014, average daily volume for forex came in at $32.1 billion, compared with a figure of $30.1 billion in February (5.5% MoM and 21.6% YoY respectively).
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In other areas of KCG’s business, Knight Direct and GETAlpha reported a combined 285.7 million shares traded during March 2014, compared with 285.2 million shares in February, constituting a marginal increase. In addition, KCG averaged $26.6 billion in market making (-3.0% MoM), after trading on 16.8 billion shares in terms of equities – this decrease came despite the month of March featuring 21 equity trading days (vs. only 19 in February).