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, 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 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.

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