KCG Sees Waning Equities Volumes in July
- July reflected a retreat across key volumes at KCG, with equities seeing a pullback from a strong June.
KCG Holdings, Inc. (NYSE: KCG), a comprehensive securities trading Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, has released its latest trading statistics for July 2016, which trended lower in terms of overall metrics, having leveled out after a strong month prior, according to a KCG statement.
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For the month ending July 2016, KCG reported an average daily US Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term market making figure of $26.2 billion traded, which edged lower by -3.3% MoM relative to $27.1 billion back in June 2016. In addition, July 2016’s volumes also reflected a YoY pullback by a factor of 9.0% YoY from $28.8 billion set back in July 2015.
Declining ADV
KCG’s total average daily shares traded during July 2016 also yielded 3.5 billion shares, down from 4.0 million shares back in June 2016, or -12.5% MoM. Finally, KCG’s equities business also gave up some ground in July 2016, reporting total average daily trade metrics of 3.3 million trades, indicative of a -8.3% drop MoM from 3.6 million trades per day in June 2016. Across a yearly timetable, KCG’s equities business was also lower by -10.8% YoY relative to July 2015, having reported 3.7 million trades per day.
At the time of writing, KCG share prices have retreated off their July peak of $15.21, consolidating some of its recent gains back to the $14.83 figure Friday.
KCG Holdings, Inc. (NYSE: KCG), a comprehensive securities trading Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, has released its latest trading statistics for July 2016, which trended lower in terms of overall metrics, having leveled out after a strong month prior, according to a KCG statement.
Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!
For the month ending July 2016, KCG reported an average daily US Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term market making figure of $26.2 billion traded, which edged lower by -3.3% MoM relative to $27.1 billion back in June 2016. In addition, July 2016’s volumes also reflected a YoY pullback by a factor of 9.0% YoY from $28.8 billion set back in July 2015.
Declining ADV
KCG’s total average daily shares traded during July 2016 also yielded 3.5 billion shares, down from 4.0 million shares back in June 2016, or -12.5% MoM. Finally, KCG’s equities business also gave up some ground in July 2016, reporting total average daily trade metrics of 3.3 million trades, indicative of a -8.3% drop MoM from 3.6 million trades per day in June 2016. Across a yearly timetable, KCG’s equities business was also lower by -10.8% YoY relative to July 2015, having reported 3.7 million trades per day.
At the time of writing, KCG share prices have retreated off their July peak of $15.21, consolidating some of its recent gains back to the $14.83 figure Friday.