KCG sees market making volumes drop 15% MoM in September 2015

Earlier today KCG Holdings, Inc. Class A (NYSE:KCG) has reported its operating metrics for September 2015, with the results lagging behind the achievements seen in August 2015, when trading activity was bolstered by the market volatility rise towards the end of the month.

Market making volumes saw a nearly 15% drop in monthly terms, but were stronger than in July 2015.

Let’s examine the particular metrics.

In Market Making, KCG averaged $30.3 billion dollar volume traded, 4.9 billion shares traded, and 3.9 million trades per day in U.S. equities. The result was 14.9% lower than the $35.6 billion volume traded in August 2015.

In Global Execution Services:

  • KCG electronic execution averaged 312.8 million shares traded per day in U.S. Equities, markedly down from the 336.9 million shares traded per day in August 2015.
  • KCG BondPoint averaged $131.1 million per day in fixed income par value, also down from the level of $139.2 million reported for August 2015, but still better than in July 2015.

Regarding the overall market conditions in September 2015, consolidated U.S. equity volume averaged $286.4 billion in dollar volume and 7.3 billion shares traded per day. The realized volatility for the S&P 500 was 22.4, lagging behind the 27.2 reading for August 2015.

To view the official announcement by KCG on its operating metrics for September 2015, click here.

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