Despite an overall loss across all operations, KCG's FX ECN, Hotspot, benefitted from a 15% QoQ rise in overall notional foreign exchange dollar volume showing that the firm's long-term approach by holding onto the FX platform was a worthwhile exercise. Could KCG sell Hotspot in future?
Read moreKCG Hotspot experienced an all time record in trading volume on October 15, along with many other prominent venues, amounting to $59 billion in daily revenue
Read moreChief Accounting Officer Sean Galvin appointed Interim CFO effective immediately
Read moreAugust trading is done and in the books for KCG Holdings (NYSE: KCG), which brings us to volumes. KCG Hotspot is reporting totals of $28.9B ADV, this is a 20% gain over July's $23.9 ADV; and eerily close to August 2013's $28B, but an increase nonetheless of 3.2% YoY. Together, August was a great month…
Read moreIn an opposite dynamic to June's figures, FX has performed slightly less well than other asset classes in July, as KCG continues to hold its own during this time of industry-wide low volumes.
Read moreKCG has reported income for the second quarter of 2014 of $9.0 million, with pre-tax income from continuing operations standing at $145 million.
Read moreFX shines through as the only asset class which has generated increased volume for KCG during June, as all other trading activity dwindled month-on-month.
Read morePhil Mackintosh, KCG's Head of Trading Strategy and Analysis has published an analysis called "Who Gets the Short End of the 'Tick?" which examines the Securities and Exchange Commission's pilot program to widen tick sizes in electronic trading. Are dark pools the future across North America?
Read moreIn accordance with LeapRate's predictions for June 2014, volumes have begun to increase, with KCG Hotspot beginning to move away from the doldrums.
Read moreIndependent Forex ECN Hotspot's volume ticked up slightly from April's extreme lows...
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