KCG Holdings Cannot Reverse Monthly Decline in Volumes in November

In November 2015, KCG’s figures snapped out of a tight consolidation, with its average daily US equities volumes marking $27.6

KCG Holdings, Inc. (NYSE: KCG) has released its trading volumes for the month ending November 2015, having seen its performance decline notably over the prior month, according to a KCG statement.

Last month, KCG Holdings (NYSE: KCG) saw its average daily US equities market making come in at $30.3 billion traded during October 2015, which was unchanged from the month prior, despite a YoY decline of -13.2%.

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During November 2015 however, KCG’s figures snapped out of a tight consolidation, with its average daily US equities market making coming in at $27.6 billion traded, or -8.9% MoM from $30.3 billion in October 2015. Over a yearly timeframe, volumes also yielded a decline, albeit by a slightly mitigated figure of -5.8% YoY from $29.3 billion in November 2014.

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Moreover, the total average daily shares traded at KCG were reported at just 4.7 billion shares in November 2015, which was lower from October 2015’s figure of 4.8 billion shares – this corresponds to a drop of -2.1% MoM and marks the second consecutive month of a diminishing figure. Meanwhile, total average daily trades yielded just 3.5 million trades per day in US equities during November 2015, falling by -7.9% MoM from 3.8 million trades in October 2015 – November also included less trading days than October, due to the observance of the Thanksgiving holiday in the US.

At the time of writing, KCG (NYSE:KCG) share prices have seen a largely unabated decline since the beginning of December, currently settling at $12.01 ahead of the US open Monday. KCG (NYSE:KCG) share prices still sit comfortably above its 52-week low of $9.75 set this past August and carries despite a low P/E of just 4.64.

KCG-Volumes-Traded-in-($-bln)-2

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