Back Below $30B, KCG Hotspot Volumes Fall in July
- KCG has reported its first monthly volume reports for their equities, fixed income, and spot FX divisions since finalizing its merger. In FX, KCG Hotspot average daily volumes fell 22.5% to $28.6 billion.
Following the completion of the Merger Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d Read this Term between Knight Capital Group and Getco, the combined KCG has reported their first monthly volume reports for their 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, fixed income, and spot FX divisions. In FX, KCG Hotspot average daily volumes fell 22.5% to $28.6 billion from a record $36.9 billion in July. The figures compare to volumes from major ECN and trading venues which also reported double digit declines for July. The decline in volumes back below $30 billion marked the ECN platforms lowest level of activity since March’s $26.4 billion figure.
KCG Hotspot was off to a great start for 2013, as the venue achieved monthly and quarterly records during the first half of the year and averaged over $30 billion of daily volumes. Since Knight became the target of a takeover last year, there has been speculation on whether Hotspot would be sold as the combined firms focused on their equity market making businesses. However, KCG apparently has no imminent plans of a sale of Hotspot as the unit was part of the firm’s rebranding in July.
KCG Hotspot Monthly ADV ($billion)
Following the completion of the Merger Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d Read this Term between Knight Capital Group and Getco, the combined KCG has reported their first monthly volume reports for their 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, fixed income, and spot FX divisions. In FX, KCG Hotspot average daily volumes fell 22.5% to $28.6 billion from a record $36.9 billion in July. The figures compare to volumes from major ECN and trading venues which also reported double digit declines for July. The decline in volumes back below $30 billion marked the ECN platforms lowest level of activity since March’s $26.4 billion figure.
KCG Hotspot was off to a great start for 2013, as the venue achieved monthly and quarterly records during the first half of the year and averaged over $30 billion of daily volumes. Since Knight became the target of a takeover last year, there has been speculation on whether Hotspot would be sold as the combined firms focused on their equity market making businesses. However, KCG apparently has no imminent plans of a sale of Hotspot as the unit was part of the firm’s rebranding in July.
KCG Hotspot Monthly ADV ($billion)