KCG’s Trading Volumes Hold Tight Consolidation in April

Volumes were virtually unchanged MoM at KCG, unable to shake out of last month's uneven performance.

KCG Holdings, Inc. (NYSE: KCG), a securities trading exchange, has reported its trading volumes for the month ending April 2016, which was able to avert a recent decline in its metrics, despite being unable to shake out of a tight consolidation that was established last month, according to a KCG statement.

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During April 2016, KCG disclosed an average daily US equities market making figure of $26.0 billion traded, which was itself unchanged MoM relative to $26.0 billion back in March 2016. The latest volumes did however correlate to a YoY decline, reflective of a decline of -11.9% YoY from $29.5 billion in April 2015.

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Furthermore, KCG’s total average daily shares traded during April 2016 came in at 5.0 billion shares, which was lower during the month by -2.0% MoM – this decline was mostly attributed to a differential in trading days during April, which numbered only 21.

KCG’s equities business was also pointed lower in April 2016, reporting a total average daily trade metrics of 3.6 million trades, relative to 3.7 million trades per day in March 2016, or -2.7% MoM. Across a yearly time interval, KCG’s equities business was congruent to April 2015, indicating no realized YoY change.

At the time of writing, KCG share prices are still trading in the upper band of its recent uptrend that saw it peak at $14.12 last month. Since then, the share prices have given up the $14 handle, finding a strong level of support at $13.00 ahead of the US open Friday.


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