KCG Holdings, Inc. (NYSE: KCG) has released its monthly trading volumes for the January 2016, which secured a sizable advance to kick off the new year, according to a KCG statement.
During January 2016, KCG’s figures finally snapped out of a tight consolidation to storm higher, with an average daily US equities market making coming in at $36.2 billion traded, or 27.5% MoM from $28.4 billion in December 2015. The upbeat volume was even higher over a yearly timeframe, as volumes notched a climb of 20.3% YoY from $30.1 billion in January 2015.
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By extension, the total average daily shares traded at KCG were disclosed at 4.9 billion shares in January 2016, which was higher from December 2015’s figure of 4.6 billion shares, justifying a monthly boost of 6.5% MoM, snapping a three-month consecutive decline of these figures.
Meanwhile, the total average daily trades yielded just 4.7 million trades per day in US equities during January 2016, jumping 27.0% MoM from 3.7 million trades in December 2015.
At the time of writing, KCG share prices have reached a relative floor in recent weeks during February, currently settling at the $10.25 ahead of the US open Friday. Despite the drop, KCG share prices still sit above its 52-week low of $9.75 set this past August despite a very low P/E of just 4.27.