KCG’s February Market Making Volumes Cling to Tight Consolidation

Volumes were devoid of any major changes on a month-over-month basis, owing to lower volatility in the markets.

Securities trading group KCG Holdings, Inc. (NYSE: KCG) has reported its latest report of trading statistics for the month ending February 2017, having seen a stagnation in its overall market making figures on a month-over-month basis, per a group filing.

February 2017 was devoid of any major market drivers, which represented a departure from the month prior with the incoming transition of the Donald Trump administration in the US. However, February featured only speculative positioning ahead of March’s likely rate hike, part of a largely tranquil marketplace overall.

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During February 2017 however, KCG reported an average daily US equities market making figure of $28.0 billion traded, which was virtually unchanged on a month-over-month basis from $28.1 billion in January 2017. This trend was on par with the majority of institutional and retail exchanges during the month, which was absent of any specific unified trend.

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In addition, February 2017’s volumes were also reflective of a year-over-year decline of -10.3 percent from the $31.2 billion set back in February 2016. This decline was less than that seen in the month prior, though indicative of a weaker start so far for 2017.

KCG’s total average daily shares traded during February 2017 also yielded 3.45 million shares, down marginally from 3.49 million shares back in January 2016. The change was wider over a yearly timetable, as indicated by a move of -20.1 percent year-over-year from 4.32 million shares per day back in February 2016.

Finally, in terms of KCG’s equities business, the segment also secured an advance in February 2017, reporting total average daily shares traded of 6.9 million trades, registering a decline of -22.5 percent month-over-month from 8.9 million trades per day in January 2017, its largest move for the month across any metric.

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