KCG June US Equities Volumes Tick Higher as Number of Trades Dipped From May
- KCG reports June statistics showing changes in flow characteristics from May.
Leading independent securities firm, KCG Holdings (NYSE: KCG), which offers agency and market-making Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term services across multiple asset classes, today announced its June 2016 trading statistics showing a rise in key areas from May’s results.
Across 4 billion shares traded on average per day in June, KCG averaged $27.1 billion in volume across 3.6 million trades in U.S. Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term for each of the 22 trading days in the month.
While the nominal value of the average daily trading volume rose in June by more than $2 billion from $25 billion in May, the number of trades had declined from 5 million, yet the daily number of shares traded inched back up from 3.5 million in the prior month.
This indicates that while there were more trades per day on average and for larger overall values per day, those trades consisted of fewer shares per trade (possibly reflecting rising stock prices - with less shares worth more than previously), when compared to May.
In its global execution services division, KCG Institutional Equities averaged 221.4 million shares of US equities per day, and KCG BondPoint recorded an average of $203.6 million in fixed income par value per day in June. KCG noted overall market conditions with U.S. equity volume averaged $279.6 billion in dollar volume in June on a consolidated basis, and with 7.6 billion shares traded per day.
Finance Magnates reported when KCG's May trading statistics largely plateaued, as June also shows signs of mixed changes in flow characteristics across its key segments. An excerpt of KCG's June report can be seen in the screenshot below with monthly highlights compared to May and year-over-year with June 2015.
Source: KCG June 2016
Leading independent securities firm, KCG Holdings (NYSE: KCG), which offers agency and market-making Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term services across multiple asset classes, today announced its June 2016 trading statistics showing a rise in key areas from May’s results.
Across 4 billion shares traded on average per day in June, KCG averaged $27.1 billion in volume across 3.6 million trades in U.S. Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term for each of the 22 trading days in the month.
While the nominal value of the average daily trading volume rose in June by more than $2 billion from $25 billion in May, the number of trades had declined from 5 million, yet the daily number of shares traded inched back up from 3.5 million in the prior month.
This indicates that while there were more trades per day on average and for larger overall values per day, those trades consisted of fewer shares per trade (possibly reflecting rising stock prices - with less shares worth more than previously), when compared to May.
In its global execution services division, KCG Institutional Equities averaged 221.4 million shares of US equities per day, and KCG BondPoint recorded an average of $203.6 million in fixed income par value per day in June. KCG noted overall market conditions with U.S. equity volume averaged $279.6 billion in dollar volume in June on a consolidated basis, and with 7.6 billion shares traded per day.
Finance Magnates reported when KCG's May trading statistics largely plateaued, as June also shows signs of mixed changes in flow characteristics across its key segments. An excerpt of KCG's June report can be seen in the screenshot below with monthly highlights compared to May and year-over-year with June 2015.
Source: KCG June 2016