Market making activity slips back down at KCG in February

KCG Holdings, Inc. Class A (NYSE:KCG) has released its trade volumes for the month of February 2015 for the entirety of its operations.

In US equities market making, KCG averaged $30.8 billion dollar volume traded, compared with $32.6 billion in January, taking the performance down slightly to be on a relative par with the $30.1 billion in December 2014.

Trading on OTC markets at KCG bucked the trend experienced by many electronic trading firms in February this year, at 36,000 per day, up slightly from 35,000 on average per day in January.

Whilst OTC trading activity is still considerably down from one year previous, when three times that amount was being traded per day, March 2014 having brought in an average of 108,000 trades per day, a move up from January’s performance is unusual, however, contrary to many market participants, OTC trading in January this year was a low point, indeed the lowest for over a year at KCG, with a daily average of 36,000 trades.

Global Execution Services

KCG’s algorithmic electronic execution operations averaged 289.2 million per day in February, compared with 322.2 million US equities shares traded per day in January.

KCG Hotspot averaged $26.3 billion per day during February, compared with $34.3 billion per day in notional foreign exchange dollar volume in January this year, representing a return to the lower points of summer 2014, compared to January’s performance which heralded the second best ever month for KCG’s FX ECN which was recently sold to BATS Global Markets for $365 million.

KCG BondPoint averaged $151.5 million per day in fixed income par value, compared with a lower figure of $134.4 million on average per day in January.

For the official figures from KCG, click here.

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