KCG’s Market Making Volumes Unable to Break out of Narrow Consolidation

Securities trading group KCG Holdings, Inc. (NYSE: KCG) has reported its monthly tranche of trading statistics for the month ending March 2017, which incurred a slight decline in its market making figures on a month-over-month basis, per a group filing.

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March 2017 finally featured activity across markets, with the US’ monetary policy helping shape the narrative for the month, resulting in a Federal Reserve rate hike. Additionally, Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term returned to markets, helping spark a tepid uptick in trading activity worldwide.

During March 2017, KCG reported an average daily US 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 market making figure of $26.3 billion traded, which was -6.1 percent lower on a month-over-month basis from $28.0 billion in February 2017. This trend was a departure from several other US and European institutional and retail exchanges during the month, the majority of which notched a steady growth in its volumes after a lackluster February.

Despite seeing a decline in its figures relative to the month prior, March 2017’s volumes were indicative of a small year-over-year move of 1.5 percent from the $25.9 billion set back in March 2016. KCG’s market making figures have been largely mixed during Q1, which clung to a rather tight consolidation.

KCG’s total average daily shares traded during March 2017 also yielded 3.31 million shares, down -4.1 percent month-over-month from 3.45 million shares back in February 2017. The change was exacerbated over a yearly timetable, as reflected by a move of -11.5 percent year-over-year from 3.74 million shares per day back in March 2016.

Finally, in terms of KCG’s equities business, the segment did not register any change on a monthly basis. More specifically, its consolidated US equity volume averaged $269.5 billion in dollar volume and 6.9 billion shares traded per day, compared with $271.8 billion in dollar volume and 6.9 billion shares per day, unchanged month-over-month.