Knight Capital Group posts 23 percent year-over-year jump in trading volume for May
By APMonday, June 14, 2010
Knight Capital Group trading volume gains in May
JERSEY CITY, N.J. — Knight Capital Group’s trading volume rose 23 percent in May compared with the same period last year, the electronic trading service provider said Monday.
Average U.S. equity trading volume was 5.2 million trades, up from 4.3 million in May 2009, Knight said. Volume was up 33 percent from 3.9 million in April.
Average daily dollar volume traded rose to $38.26 billion, from $23.66 billion last year and $29.36 billion in April.
In afternoon trading, shares of Knight Capital Group Inc. added 30 cents, or 2.1 percent, to $14.60.
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