KCG’s Q1 2017 Financials Dive on Lower Volatility

[kreslik.news]

KCG Holdings (NYSE: KCG), an independent securities firm agency and market-making execution services provider, has reported its financial metrics for Q1 2017. The figures represented a sizable decline in profitability, undermined by a lull in markets and lower than expected volatility.

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Looking at KCG’s total revenues in the first quarter of the calendar year, the group reported just $255.4 million, falling -56.0 percent quarter-over-quarter from $580.5 million in Q4 2016. On a year-over-year basis, the loss was slightly lower, albeit by a margin of -26.1 percent from $345.4 million in Q1 2016.

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