KCG’s April FX volumes take a 20% nosedive as firm enters Q2 in the doldrums

North American multinational electronic execution and trading firm KCG (NYSE:KCG) has today announced its trading metrics for April 2014, which serve to further demonstrate the downward direction which is making its presence felt across the entire electronic trading industry worldwide as 2014 enters its second quarter.

Within its Market Making division, KCG averaged $27.8 billion dollar volume traded, 14.5 billion shares traded, and 3.8 million trades per day in U.S. equities.


KCG’s Global Execution Services division experienced a similar dynamic to many other firms during April, during which average daily volumes (ADV) at Hotspot FX, the firm’s institutional ECN, dropped compared to March by a substantial 20% to $25.2 billion per day in notional foreign exchange dollar volume.

Agency-based algorithmic and EMS trade volumes through Knight Direct and GETAlpha averaged an aggregate 276.6 million shares traded per day in U.S. equities

As for the overall market conditions in April, consolidated U.S. equity volume averaged $273.5 billion in dollar volume and 6.6 billion shares traded per day. The realized volatility for the S&P 500 was 13.3.

The company’s share price has declined today by 1.11%, despite the firm having made a resoundingly successful effort in clearing the entirety of its first lein credit facility associated with the GETCO deal, well in advance of its maturity date.



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