Doo Prime, a pre-eminent online broker with financial technology at its core, recently released its May 2023 trading volume report.
May Trading Volume Overview 2023
- Total trading volume: USD82.25 billion
- Most popular products: XAU/USD、EUR/USD、GBP/USD
- XAU/USD saw the highest trading volume at USD49.56 billion
- XAU/USD saw the highest increase, up USD8,744 million or 21.42%
According to the report, Doo Prime’s total trading volume in May 2023 sits at USD82.25 billion, an increase of 16.66% from the previous month. Apart from that, the average daily volume (ADV) in May was USD2.65 billion, an increase of approximately 12.89% from April.
April marks the beginning of the second quarter. With the mixed economic data of various importance and adjustments to the US Federal Reserve’s monetary policy, trading volumes slowed in April as the market was in a wait-and-see mode. Heading into May, growth in the major inflation figures slowed, but remained strong. Therefore, it is widely believed that the Federal Reserve will pause its interest rate hikes in the upcoming policy decision and subsequently tighten its policies again. In light of this, investors rushed to buy gold as a hedge. As a result, XAU/USD was not only the most traded product in May, but the most traded product in trading volume. Since the beginning of 2023, Doo Prime has shown a solid overall upward trend in trading volume. To date, the Doo Group’s total trading volume reached USD374.22 billion, an increase of approximately 37.4% compared to the same period last year.
According to the data, XAU/USD, EUR/USD, GBP/USD were the top choices for traders during the month, accounting for 84.39%. Among them, XAU/USD recorded the highest monthly trading volume of about USD49.56 billion, while EUR/USD and GBP/USD had a total monthly trading volume of about USD19.85 billion.
In addition, XAU/USD saw the highest trading volume growth, an increase of USD 8,744 million or 21.42% compared to April.
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
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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, Precious Metals, Commodities, and Stock Indices. At present, Doo Prime is delivering the finest trading experience to more than 90,000 clients, with an average trading volume of more than USD 51.223 billion each month.
Doo Prime entities respectively holds 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 20+ 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 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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