KCG’s August Volumes Dwindle, Equities ADV Gains Momentum

Volumes were largely lower, though equities figures managed to cling to positive gains in August.

KCG Holdings, Inc. (NYSE: KCG), a comprehensive securities trading exchange, has just reported its latest trading statistics for the month ending August 2016, which again trended lower in terms of overall metrics, continuing a downward trend for consecutive months, according to a KCG statement.

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During August 2016, KCG reported an average daily US equities market making figure of $24.1 billion traded, which fell lower by -8.0% MoM compared to $26.2 billion back in July 2016. The primary culprit for this decline was an extended bout of low volatility that afflicted US markets during August, which was largely relegated to wait-and-see mode with respect to the US Federal Reserve’s forward looking monetary policy.

In addition, August 2016’s volumes also reflected a YoY pullback by a margin of -32.3% YoY from $35.6 billion set back in August 2015.

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ADV Also Continues Decline

KCG’s total average daily shares traded during August 2016 also yielded 3.1 million shares, down from 3.5 million shares back in July 2016, or -11.4% MoM. The decline was even more pronounced over a yearly timetable, retreating -32.6% YoY from 4.6 million shares per day back in August 2015.

However, KCG’s equities business did managed to gain some ground in August 2016, reporting a total average daily trade metrics of 3.7 million trades, registering a growth of 5.7% MoM from 3.5 million trades per day in July 2016. Across a yearly interval, KCG’s equities business was also lower by -17.8% YoY relative to August 2015, having reported 4.5 million trades per day.

At the time of writing, KCG share prices have been stuck in a tight range, well situated below a previous 52-week high of $15.21. Presently, share prices are operating at $14.30 figure ahead of the US open Thursday.

Earlier today, KCG completed the acquisition of Neonet Securities, a Swedish independent agency broker and execution specialist, following its earlier bid to acquire the group back in July 2016.

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