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KCG swings to loss on drop in trading activity

Subdued summer volumes and low volatility dragged electronic trading giant's core market-making unit into the red in Q3

KCG swings to loss on drop in trading activity
Photo: iStockPhoto

A subdued summer for trading volumes and volatility sparked a near-$100 million swing in profitability at the core market-making arm of KCG, one of the world's biggest electronic trading firms.

It left both that division and the company as a whole in the red for the third quarter.

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