KCG Holdings Volumes Surge in September 2016, Equities Business Drops YoY

Year on year we continue to see weaker performance across key areas.

Leading independent securities firm KCG Holdings (NYSE: KCG), which offers agency and market-making execution services across multiple asset classes, today announced its September 2016 trading statistics showing a rise in key areas from August’s results.

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During the month of September 2016, KCG reported an average daily US equities market making figure of $28.9 billion traded, which constitutes a jump of 20.0% MoM compared to $24.1 billion back in August 2016. However, September 2016’s volumes reflected a YoY pullback by a margin of -4.7% YoY from $30.32 billion set back in September 2015.

KCG’s total average daily trades during September 2016 yielded 3,473 million trades, up from 3,131 million trades back in August 2016, or 10.9% MoM. However, the figure took a step back over a yearly timetable, retreating -10.4% YoY from 3,879 million shares per day back in September 2015.

Meanwhile, KCG’s equities business saw a strong volume growth in September 2016, reporting a total average daily shares metrics of 4,034 million shares, registering a growth of 7.8% MoM from 3,740 million shares per day in August 2016. Across a yearly interval, KCG’s equities business was lower by -17.45% YoY relative to September 2015, having reported 4,887 million shares per day.

In its global execution services division, KCG Institutional Equities averaged 220.5 million shares of US equities per day, up 13.3 percent from 194.6 million shares in August 2016. Year on year we continue to see a weaker performance with last month’s figure reflecting a -4.5 percent drop from 230.9 milllion in September 2015.

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