KCG registers further 3% MoM drop in market making volumes in June


From what we have seen from the operating results reported by online trading companies for June 2015 so far, the month was quite robust for the industry.

Data released from KCG Holdings, Inc. Class A (NYSE:KCG) today, however, runs counter this trend, as the company saw its market making volumes decline further from already disappointing levels registered in May 2015.

Let’s check out the performance metrics.

  • In Market Making, KCG averaged $26.7 billion dollar volume traded, 6.3 billion shares traded, and 3.5 million trades per day in U.S. Equities. The result was down 3% from the $27.5 billion volume traded in May 2015.

In Global Execution Services:

  • KCG electronic execution averaged 282.4 million shares traded per day in U.S. Equities, up 1.2% from $279.1 million shares traded per day in May 2015.
  • KCG BondPoint delivered a dismal piece of news, as volumes at the segment averaged $132.5 million per day in fixed income par value, down 8% from $144 million recorded in May 2015.

Regarding the overall market conditions in June, the company said consolidated U.S. equity volume averaged $261.9 billion in dollar volume and 6.4 billion shares traded per day. The realized volatility for the S&P 500 was 11.3.

To view the official announcement by KCG on its June 2015 metrics, click here.

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KCG registers further 3% MoM drop in market making volumes in June

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