Doo Prime, a pre-eminent online broker with financial technology at its core, recently released its October 2022 trading volume report.
October Trading Volume Overview 2022
- Total trading volume: USD57.79 billion
- Most popular products: XAU/USD, GBP/USD, EUR/USD
- XAU/USD recorded the highest trading volume at USD37.73 billion
- XAU/USD saw the highest increase, up USD5.16 billion or 15.83%
According to the report, Doo Prime’s total trading volume in October sits at USD57.79 billion, a steady increase of 6.64% from the previous month. It was also an increase of 93.0% from USD29.94 billion in the same month last year. On top of that, the average daily volume (ADV) in October was USD1.86 billion, an increase of approximately 3.20% from September.
Since the beginning of the year, Doo Prime has seen steady growth in terms of trading volume. Apart from the breakthrough growth in May, trading volume in other months remained steadily. Since October, popular events such as the release of non-farm payroll and the Federal Reserve interest rate hike policy have followed one after another, which has caused a relatively clear trend in the market performance. Accordingly, the trading volume in October remained stable and increased compared with the previous month.
According to the data, XAU/USD, GBP/USD and EUR/USD were the top choices for traders during the month, accounting for 77.99% of the total trading volume in October. Among them, XAU/USD recorded the highest monthly trading volume of about USD37.73 billion, while GBP/USD and EUR/USD had a total monthly trading volume of about USD7.34 billion.
In addition, EUR/USD saw the highest monthly volume growth, increasing by USD5.16 billion or 15.83% from September.
As an industry-leading online broker, Doo Prime has been showing strong momentum in terms of trading volume. In the future, Doo Prime aspires to continuously build a global financial technology system and a comprehensive financial ecosystem. Doo Prime will strive for excellence through its journey of leading the new fintech era, keeping its clients at the forefront in the industry.
About Doo Prime
Doo Prime is an international pre–eminent online broker under Doo Group, which strives to provide professional investors with global CFD trading products in Securities, Futures, Forex, Commodities, Stock Indices, and Funds. At present, Doo Prime is delivering the finest trading experience to more than 60,000+ professional clients, with an average monthly trading volume of USD51.223+ billion.
Doo Prime entities respectively hold the relevant financial regulatory licenses in Seychelles, Mauritius, and Vanuatu with operation centers in Dallas, Sydney, Singapore, Hong Kong, Dubai, Kuala Lumpur, and other regions.
With robust financial technology infrastructure, well-established partnerships, and an experienced technical team, Doo Prime boasts a safe and secure trading environment, competitive trading costs, as well as deposit and withdrawal methods that support 10 different currencies. Doo Prime also incorporates 24/7 multilingual customer service and extremely fast trade execution via multiple industry-leading trading terminals such as MT4, MT5, TradingView, and InTrade, covering over 10,000 trading products.
Doo Prime’s vision and mission are to become a financial technology-focused broker, streamlining international global financial products investment.
For more information about Doo Prime, please contact us at:
Phone:
Europe : +44 11 3733 5199
Asia : +852 3704 4241
Asia – Singapore: +65 6011 1415
Asia – China : +86 400 8427 539
E-mail:
Technical Support: en.support@dooprime.com
Account Manager: en.sales@dooprime.com
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Disclaimer
This information is addressed to the general public solely for information purposes and should not be taken as investment advice, recommendation, offer, or solicitation to buy or sell any financial instrument. The information displayed herein has been prepared without any reference or consideration to any particular recipient’s investment objectives or financial situation. Any references to the past performance of a financial instrument, index, or a packaged investment product shall not be taken as a reliable indicator of its future performance. Doo Prime and its holding company, affiliates, subsidiaries, associated companies, partners and their respective employees, make no representation or warranties to the information displayed and shall not be liable for any direct, indirect, special or consequential loss or damages incurred a result of any inaccuracies or incompleteness of the information provided, and any direct or indirect trading risks, profit, or loss arising from any individual’s or client’s investment.
