KCG’s Equity Volumes Mixed in March Given Shortened Trading Schedule

KCG's equities volumes were a mixed bag in March, with ADV and market making painting different pictures.

KCG Holdings, Inc. (NYSE: KCG) has released its monthly trading volumes for March 2016, which again saw its overall volumes trending in the wrong direction, now marking a consecutive monthly decline at the exchange, according to a KCG statement.

During March 2016, KCG reported an average daily US equities market making of just $26.0 traded, reflective of a -16.7% MoM decline from $31.2 billion in February 2016. March’s volumes also constituted a YoY decline, albeit by a less pronounced fall of -12.8% from $29.8 billion in March 2015.

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Moreover, the total average daily shares traded at KCG yielded 5.1 billion shares in March 2016, which snapped a four month consecutive decline, also growing by a factor of 15.9% MoM from 4.4 billion shares in February 2016. This rise came despite the influence of seasonal factors such as the observance of the Easter holidays, which led to a shortened trading schedule.

In terms of its equities business, KCG reported its total average daily trades of 3.7 million trades per day in US equities during March 2016, plunging -21.3% MoM from 4.7 million trades in February 2016, largely for the factors mentioned above.

At the time of writing, KCG share prices are in the midst of a strong rebound over the past two months, operating at $12.53 ahead of the US open Thursday. In spite of the rapid double-digit ascension over the past two months, KCG share prices still sit below its 52-week high of $13.75, carrying a P/E of just 5.18.

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