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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. – June 14, 2017 – KCG Holdings, Inc. (NYSE: KCG) today released trade volumes for the month of May 2017.

In Market Making, KCG averaged $27.7 billion dollar volume traded, 8.7 billion shares traded, and 3.4 million trades per day in U.S. equities.

In Global Execution Services:

  • KCG Institutional Equities averaged 202.7 million U.S. equity shares traded per day
  • KCG BondPoint averaged $337.8 million fixed income par value traded per day

As for the overall market conditions in May, consolidated U.S. equity volume averaged $268.3 billion in dollar volume and 6.7 billion shares traded per day. The realized volatility for the S&P 500 was 4.6.

In May there were 22 trading days in U.S. equities and 21.5 trading days in fixed income.

May 2017 Monthly Highlights May-17 April-17 May-16
Average daily U.S. Equity Market Making dollar volume traded (in $ millions) 27,671 26,343 24,971
Average daily U.S. Equity Market Making trades (in thousands)
National Market System (NMS) trades 3,396 3,217 3,498
Over-The-Counter (OTC) Bulletin Board and OTC Market trades 43 50 33
Total Average Daily Trades 3,438 3,267 3,531
Average daily U.S. Equity Market Making shares traded (in millions)
NMS shares traded 961 937 942
OTC Bulletin Board and OTC Market shares traded 7,782 10,201 4,066
Total Average Daily Shares Traded 8,743 11,139 5,008
KCG Institutional Equity U.S. equities shares traded (in millions)
Average daily KCG Institutional Equities U.S. equity shares traded 202.7 195.5 212.1
KCG BondPoint fixed income par value traded (in $ millions)
Average daily KCG BondPoint fixed income par value traded 337.8 344.5 214.2

 

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.