Whether it was shares traded or revenues, KCG's Q1 2016 financials shined.
KCG Holdings, Inc. (NYSE: KCG) has released its financial metrics for the first quarter of the 2016 year, with revenues holding a solid QoQ uptrend, also showing improved figures relative to its 2015 counterpart, according to a KCG statement.
During Q1 2016, KCG saw its Non-GAAP revenues climb to $345.4 million, which constituted a strong growth of 30.7% QoQ from just $264.0 million in Q4 2015. This figure was also bolstered by a YoY uptick of 10.9% YoY from $311.1 million in Q1 2015. Furthermore, KCG’s trading revenues also yielded a similar narrative, having climbed to $223.9 million in Q1 2016, up a staunch 53.9% QoQ from $145.9 million in Q4 2015 – by extension, the latest tranche of trading revenues was reflective of a growth of 7.2% YoY from $208.8 million in Q1 2015.
In terms of quantitative trading volumes, KCG saw an average of 4.2 million trades in Q1 2016, up 13.5% QoQ from 3.7 million trades in Q4 2015 and 7.7% YoY from 3.9 million trades per day in Q1 2015. In particular, NYSE and NASDAQ shares traded rose to 1.1 million in Q1 2016, crossing a key threshold en route to a growth of 46.7% QoQ growth from 770,000 shares in Q4 2015.
Finally, KCG also saw its equities business take off in the first quarter of the New Year. Despite already seeing a multi-quarter growth, KCG saw its average daily Institutional US equities shares traded come in at 271.8 million in Q1 2016, up 14.0% QoQ from 238.4 million in Q4 2015. This growth was even more pronounced when measured against last year, jumping 17.5% YoY from 231.4 million in Q1 2015.
In the fixed income space, KCG’s average daily BondPoint fixed income par value traded saw a figure of $192.4 million in Q1 2016, a climb of 27.7% QoQ from $150.7 million in Q4 2015 and 32.0% YoY from $145.8 million in Q1 2015.
According to Daniel Coleman, Chief Executive Officer of KCG, in a recent statement on the Q1 2016 metrics: “Despite the difficulties presented by the market selloff in the first half of January and heightened competition for retail order flow, market making in U.S. equities generated a substantial contribution to KCG's first quarter results.”
“We continued to focus on strategic clients as well as develop the pipeline of new strategies and enhance currently deployed models. The results from global equities and FICC rebounded from the previous quarter. KCG Acknowledge FI more than doubled client market making volume in U.S. Treasuries year over year. In Asia, trading during the quarter was led by Japan and Singapore,” he added.
Recently, KCG Holdings (NYSE: KCG) also reported its monthly trading volumes for March 2016, which again saw its overall figures trending in the wrong direction, influenced by factors such as the observance of the Easter holidays, which led to a shortened trading schedule.
KCG Holdings, Inc. (NYSE: KCG) has released its financial metrics for the first quarter of the 2016 year, with revenues holding a solid QoQ uptrend, also showing improved figures relative to its 2015 counterpart, according to a KCG statement.
During Q1 2016, KCG saw its Non-GAAP revenues climb to $345.4 million, which constituted a strong growth of 30.7% QoQ from just $264.0 million in Q4 2015. This figure was also bolstered by a YoY uptick of 10.9% YoY from $311.1 million in Q1 2015. Furthermore, KCG’s trading revenues also yielded a similar narrative, having climbed to $223.9 million in Q1 2016, up a staunch 53.9% QoQ from $145.9 million in Q4 2015 – by extension, the latest tranche of trading revenues was reflective of a growth of 7.2% YoY from $208.8 million in Q1 2015.
In terms of quantitative trading volumes, KCG saw an average of 4.2 million trades in Q1 2016, up 13.5% QoQ from 3.7 million trades in Q4 2015 and 7.7% YoY from 3.9 million trades per day in Q1 2015. In particular, NYSE and NASDAQ shares traded rose to 1.1 million in Q1 2016, crossing a key threshold en route to a growth of 46.7% QoQ growth from 770,000 shares in Q4 2015.
Finally, KCG also saw its equities business take off in the first quarter of the New Year. Despite already seeing a multi-quarter growth, KCG saw its average daily Institutional US equities shares traded come in at 271.8 million in Q1 2016, up 14.0% QoQ from 238.4 million in Q4 2015. This growth was even more pronounced when measured against last year, jumping 17.5% YoY from 231.4 million in Q1 2015.
In the fixed income space, KCG’s average daily BondPoint fixed income par value traded saw a figure of $192.4 million in Q1 2016, a climb of 27.7% QoQ from $150.7 million in Q4 2015 and 32.0% YoY from $145.8 million in Q1 2015.
According to Daniel Coleman, Chief Executive Officer of KCG, in a recent statement on the Q1 2016 metrics: “Despite the difficulties presented by the market selloff in the first half of January and heightened competition for retail order flow, market making in U.S. equities generated a substantial contribution to KCG's first quarter results.”
“We continued to focus on strategic clients as well as develop the pipeline of new strategies and enhance currently deployed models. The results from global equities and FICC rebounded from the previous quarter. KCG Acknowledge FI more than doubled client market making volume in U.S. Treasuries year over year. In Asia, trading during the quarter was led by Japan and Singapore,” he added.
Recently, KCG Holdings (NYSE: KCG) also reported its monthly trading volumes for March 2016, which again saw its overall figures trending in the wrong direction, influenced by factors such as the observance of the Easter holidays, which led to a shortened trading schedule.
Noel Quinn's Surprise Exit Marks End of an Era at HSBC
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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