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KCG Hotspot December Volumes Down From November MoM But Well Above 2012

by Ron Finberg
  • KCG, has announced its December volume data. During the month, average daily volumes (ADV) of equity market making was 5.1 billion shares, or $24.7 billion in notional dollar value, 7.9% below November’s figures.
KCG Hotspot December Volumes Down From November MoM But Well Above 2012
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KCG, an equity market maker and operator of interbank interest rate and FX trading platforms has announced its December volume data. During the month, average daily volumes (ADV) of equity market-making was 5.1 billion shares, or $24.7 billion in notional dollar value, 7.9% below November’s figures.

In FX, KCG Hotspot reported ADV of $27.6 billion, which was 6.8% below November’s trading. However, year-over-year numbers showed encouragement as December’s ADV was 40.8% above the same period in 2012. December’s volumes marked the lowest activity on KCG Hotspot since March 2013. However, as seen below, was within the $25 to $30 billion ADV area that the FX trading venue had been within for much of 2013. The stabilization of volume above $25 billion may indicate that Hotspot's clients are fairly ‘sticky’ in maintaining consistent trading with the venue, despite changing market conditions.

KCG Hotspot Monthly FX ADV ($billions)

KCG Hotspot Monthly FX ADV ($billions)

KCG, an equity market maker and operator of interbank interest rate and FX trading platforms has announced its December volume data. During the month, average daily volumes (ADV) of equity market-making was 5.1 billion shares, or $24.7 billion in notional dollar value, 7.9% below November’s figures.

In FX, KCG Hotspot reported ADV of $27.6 billion, which was 6.8% below November’s trading. However, year-over-year numbers showed encouragement as December’s ADV was 40.8% above the same period in 2012. December’s volumes marked the lowest activity on KCG Hotspot since March 2013. However, as seen below, was within the $25 to $30 billion ADV area that the FX trading venue had been within for much of 2013. The stabilization of volume above $25 billion may indicate that Hotspot's clients are fairly ‘sticky’ in maintaining consistent trading with the venue, despite changing market conditions.

KCG Hotspot Monthly FX ADV ($billions)

KCG Hotspot Monthly FX ADV ($billions)

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