KCG Holdings October Volumes Slide Overall as Volatility Abates

Volumes were lower overall in October despite some positives, including an uptick in shares traded MoM.

KCG Holdings, Inc. (NYSE: KCG), a comprehensive securities trading exchange, has just released its latest trading statistics for the month ending October 2016, which reversed off of a previous uptick seen last month in terms of its of overall metrics, according to a KCG statement.

During October 2016, KCG reported an average daily US equities market making figure of $25.9 billion traded, which fell lower by -10.4% MoM compared to $28.9 billion back in September 2016. Lower volatility appears to have been one of the largest impetuses for this decline, which came off a very busy September.

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Moreover, October 2016’s volumes also reflected a YoY pullback by a margin of -14.5% YoY from $30.3 billion set back in October 2015.

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KCG’s total average daily shares traded during October 2016 yielded 3.19 million shares, down from 3.47 million shares back in September 2016, or -8.1% MoM. The decline was even more pronounced over a yearly timetable, retreating -15.2% YoY from 3.76 million shares per day back in October 2015.

KCG’s equities business did managed to gain some ground in October 2016, reporting a total average daily shares traded of 6.3 million trades, registering a growth of 57.5% MoM from 4.0 million trades per day in September 2016. Across a yearly interval, KCG’s equities business was also higher by 31.2% YoY relative to October 2015, having reported 4.8 million trades per day.

At the time of writing, KCG share prices are still well below a 52-week high of $15.21. Presently share prices are operating at $13.87 ahead of the US open Monday.

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