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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. – January 17, 2017 – KCG Holdings, Inc. (NYSE: KCG) today released trade volumes for the month of December 2016.

In Market Making, KCG averaged $26.7 billion dollar volume traded, 6.4 billion shares traded, and 3.4 million trades per day in U.S. equities.

In Global Execution Services:

  • KCG Institutional Equities averaged 210.7 million U.S. equity shares traded per day
  • KCG BondPoint averaged $239.7 million fixed income par value traded per day

As for the overall market conditions in December, consolidated U.S. equity volume averaged $265.4 billion in dollar volume and 6.9 billion shares traded per day. The realized volatility for the S&P 500 was 8.1.

In December there were 21 trading days in U.S. equities and 20 trading days in fixed income.

December 2016 Monthly Highlights December-16 November-16 December-15
Average daily U.S. Equities Market Making dollar volume traded (in $ millions) 26,684 32,777 28,434
Average daily U.S. Equities Market Making trades (in thousands)
NYSE trades 2,309 2,750 2,647
Nasdaq trades 1,007 1,138 1,008
OTC Bulletin Board and OTC Market trades 49 56 36
Total Average Daily Trades 3,366 3,944 3,692
Average daily U.S. Equities Market Making shares traded (in millions)
NYSE shares traded 702 805 664
Nasdaq shares traded 300 302 287
OTC Bulletin Board and OTC Market shares traded 5,417 5,593 3,685
Total Average Daily Shares Traded 6,419 6,700 4,636
KCG Institutional Equities U.S. equities shares traded (in millions)
Average daily KCG Institutional Equities U.S. equities shares traded * 210.7 267.2 237.3
KCG BondPoint fixed income par value traded (in $ millions)
Average daily KCG BondPoint fixed income par value traded 239.7 201.1 155.1

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. In 2016, KCG modified the reporting of trading volumes within the Global Execution Services segment to remove internal volume generated by KCG trading desks and add volume from sales trading. Historical volume are available at www.kcg.com/volumes/current-monthly-volume-statistics as well as in a downloadable document