Doo Prime, a pre-eminent online brokerage group with FinTech as its core, recently released its November 2023 trading volume report.
November Trading Volume Overview 2023
- Total trading volume: USD 70.08 billion
- Most popular products: XAU/USD, EUR/USD, GBP/USD
- XAU/USD saw the highest trading volume at USD 49.02 billion
- EUR/USD saw the highest increase, an increase of USD 1.89 billion or 30.15%
According to the report, Doo Prime’s total trading volume in November 2023 is valued at USD 70.08 billion, a slight decline of 3.73% from the previous month. Furthermore, November’s average daily volume (ADV) is USD 2.34 billion, a slight decrease of 0.52% from October.
Investors’ risk aversion has gradually decreased as the US economy slowed down and the inflation pressure declined. Furthermore, the market predicts that the Federal Reserve will be deflating its quantitative tightening (QT) cushion, causing the traders’ risk appetite to rise, reducing their interest in the risk-averse assets such as gold. For the record, XAU/USD has always been one of the main products in exchange among Doo Prime’s traders. Therefore, the overall trading volume in November has slightly slowed down.
Since the beginning of 2023, Doo Prime’s overall trading volume has been in a stable state. Year to date, Doo Prime’s total trading volume is valued at USD 853.54 billion, an increase of 40.33% as compared to the same period last year.
It is important to note that gold closed at USD 2,070/ounce in November, and it is the fourth time gold has reached this level since June 2020. This shows that gold prices still have room to go further upward, and gold’s trading volume may significantly increase in December. This may lead to an increase in Doo Prime’s overall trading volume.
According to the recorded data, XAU/USD, EUR/USD and GBP/USD were the investors’ top picks, constituting 84.64% of November’s total trading volume. Among them, XAU/USD has the highest trading volume at USD 49.02 billion; meanwhile, EUR/USD and GBP/USD have a total monthly trading volume of USD 10.3 billion.
Additionally, EUR/USD has the largest growth in the monthly trading volume, an increase of USD 1.89 billion or 30.15%, as compared to October.
As an internationally-leading online brokerage group, Doo Prime continues to show a strong momentum in the trading volume. In the future, Doo Prime will continue to strive to lead the FinTech transformation in this new era and ensure the clients are at the forefront of the industry.
About Doo Prime
Our Trading Products
Securities | Futures | Forex | Precious Metals | Commodities | Stock Indices
Doo Prime, an international preeminent online broker under Doo Group, strives to provide professional investors with a wide range of global CFD trading products including Securities, Futures, Forex, Precious Metals, Commodities, and Stock Indices. At present, Doo Prime is delivering the finest trading experience to more than 1300,000 professional clients, with an average monthly trading volume exceeding USD 51.223 billion.
Doo Prime entities respectively hold the relevant financial regulatory licenses in Seychelles, Mauritius, and Vanuatu with operation centers in Dallas, Singapore, Hong Kong, Sydney, Cyprus, 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 20+ different currencies. Our 24/7 multilingual customer service ensures exceptional support, while our lightning-fast trade execution is facilitated through industry-leading trading terminals such as MT4, MT5, TradingView, and Doo Prime 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:
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