KCG’s Equity, Market Making Volumes Plateau in May

Unlike many other institutional venues, KCG managed to see a consolidation of its volumes in May, avoiding a large decline.

KCG Holdings, Inc. (NYSE: KCG), a comprehensive securities trading exchange, has released its latest tranche of trading volumes for May 2016, and again found itself trending lower in terms of metrics, though it was largely held in a narrow band of consolidation that has been present in 2016 thus far, according to a KCG statement.

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For the month ending May 2016, KCG reported an average daily US equities market making figure of $25.0 billion traded, which edged lower by -3.8% MoM relative to $26.0 billion back in April 2016. Furthermore, May 2016’s volumes also accentuated a YoY pullback by a margin -9.1% YoY from $27.5 billion set back in May 2015.

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KCG’s total average daily shares traded during May 2016 also yielded 5.0 billion shares, unchanged MoM from the same figure set back in April 2016 – the exchange saw the same number of trading days during May as in the prior month.

Finally, KCG’s equities business also gave up some ground in May 2016, reporting a total average daily trade metrics of 3.5 million trades, indicative of a -2.8% drop MoM from 3.6 million trades per day in April 2016. Across a yearly timetable, KCG’s equities business was also unchanged YoY relative to May 2015, also reporting 3.5 million trades per day.

At the time of writing, KCG share prices have retreated off their May peak of $14.34, consolidating some of its recent gains back to the $13.50 figure presently.

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