KCG Holdings Sees February Trading Volumes Tick Lower

The rise in trading volumes at KCG was short lived, with February's metrics reversing last month's standout performance.

KCG Holdings, Inc. (NYSE: KCG) has reported its monthly trading volumes for February 2016, which took a step back, ultimately paring a portion of last month’s gains, according to a KCG statement.

During February 2016, KCG saw an average daily US equities market making of $31.2 billion traded, or -13.8% MoM from $36.2 billion in January 2016. The latest volume was also represents a move lower over a yearly timeframe, as volumes incurred a fall of -4.3% YoY from $32.6 billion in February 2015.

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In addition, the total average daily shares traded at KCG were disclosed at 4.4 billion shares in February 2016, which was also lower than January 2016’s figure of 4.9 billion shares, registering a monthly loss of -10.2% MoM. This now marks four times in the past five months that this figure has fallen.

By extension the total average daily trades yielded just 4.3 million trades per day in US equities during February 2016, retreating -8.5% MoM from 4.7 million trades in January 2016.

At the time of writing, KCG share prices have been on the uptick as of late, rebounding off of 2016 lows to ultimately settle at $11.31 ahead of the US open Monday. Despite the drop, KCG share prices still sit above its 52-week low of $9.75 set this past August despite a very low P/E of just 4.67.

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