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.
Going Past the Great Wall: Things to Consider When Entering the Asian MarketGo to article >>
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.
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.