KCG registers 6.8% MoM drop in market making volumes in May

As we continue our journey into the volumes reporting season, the next company to announce its operating metrics for May 2015 is KCG Holdings, Inc. Class A (NYSE:KCG). Last month turned out to be rather slow for KCG, at least in terms of market making, as volumes showed further decline when compared to April 2015 levels, which were not very impressive either.

The picture that KCG’s metrics for May 2015 paint is overall in tune with what the online trading industry (the bulk of it, at least) has shown so far.

In Market Making, KCG averaged $27.5 billion dollar volume traded, 5.5 billion shares traded, and 3.5 million trades per day in U.S. Equities. The result is down 6.8% from the $29.5 billion recorded in April 2015.

In Global Execution Services:

  • KCG electronic execution averaged 279.1 million shares traded per day in U.S. Equities, down 6.7% from the 299.4 million shares traded per day in April 2015.
  • A bright piece of news was provided by KCG BondPoint, where averaged $144.0 million per day in fixed income par value, up 3.6% from April 2015 levels.

Consolidated U.S. equity volume averaged $255.7 billion in dollar volume and 6.2 billion shares traded per day in May 2015, down 3% from the result recorded in the preceding month. The realized volatility for the S&P 500 was 11.0.

To view the official announcement, click here.

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