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Liquidity

A Vital Source of Liquidity in the Fragmented U.S. Equity Market

KCG generates deep liquidity and applies sophisticated trading technologies to the trade execution process. We continually seek to meet client-defined measures for best execution. Clients also benefit from reduced trading friction and high fulfillment rates.

When liquidity isn’t immediately available, KCG may commit capital as a market maker or route orders to more than 100 exchanges, ECNs, dark pools, ADFs, MTFs and other brokers.

Market Share

  • Market making and trading in more than 19,000 U.S. Equities
  • A leading market maker in retail U.S. equity shares traded of exchange-listed and over-the-counter (OTC) stocks
  • A leading broker across all segments of the U.S. equity market by share volume
  • Market making and trading across global equities, futures, options, fixed income, currencies and commodities

Sources: KCG, Thomson Reuters

Trade Volumes

NEW YORK, N.Y. – February 14, 2017 – KCG Holdings, Inc. (NYSE: KCG) today released trade volumes for the month of January 2017.

In Market Making, KCG averaged $28.1 billion dollar volume traded, 8.9 billion shares traded, and 3.5 million trades per day in U.S. equities.

In Global Execution Services:

  • KCG Institutional Equities averaged 223.9 million U.S. equity shares traded per day
  • KCG BondPoint averaged $239.9 million fixed income par value traded per day

As for the overall market conditions in January, consolidated U.S. equity volume averaged $268.0 billion in dollar volume and 6.8 billion shares traded per day. The average realized intraday volatility for the S&P 500 was 5.6.

In January there were 20 trading days in U.S. equities and fixed income.

January 2017 Monthly Highlights January-17 December-16 January-16
Average daily U.S. Equity Market Making dollar volume traded (in $ millions) 28,102 26,684 36,249
Average daily U.S. Equity Market Making trades (in thousands)
National Market System (NMS) trades 3,427 3,316 4,697
Over-The-Counter (OTC) Bulletin Board and OTC Market trades 62 49 32
Total Average Daily Trades 3,489 3,366 4,729
Average daily U.S. Equity Market Making shares traded (in millions)
NMS shares traded 990 1,002 1,174
OTC Bulletin Board and OTC Market shares traded 7,906 5,417 3,722
Total Average Daily Shares Traded 8,895 6,419 4,896
KCG Institutional Equity U.S. equities shares traded (in millions)
Average daily KCG Institutional Equities U.S. equity shares traded 223.9 210.7 296.8
KCG BondPoint fixed income par value traded (in $ millions)
Average daily KCG BondPoint fixed income par value traded 239.9 239.7 176.7

 

Historical Volumes

Current Monthly Volume Statistics

Download updated Trade Volumes dating back to January 2014 in a single Microsoft Excel® document.

KCG Institutional Equities average daily U.S. National Market System (NMS) equity share volume represents trading on behalf of clients covering algorithmic trading and high touch sales trading in single stocks, ETFs and programs. Average realized intraday volatility for the S&P 500 is calculated by dividing the difference between the intraday high and low by the midpoint of the high and low.