Doo Group, a pre-eminent financial services group with financial technology at its core, recently released its August 2023 trading volume report.
August Trading Volume Overview 2023
- -Total trading volume: USD87.59 billion
- -Most popular products: XAU/USD, EUR/USD, GBP/USD
- -XAU/USD saw the highest trading volume at USD63.52 billion
- -XAU/USD saw the highest increase, up USD1.79 billion or 2.90%
(The report data demonstrates the total trading volume of Doo Group’s sub-brands, Doo Clearing and Doo Prime.)
According to the report, Doo Group’s total trading volume in August 2023 sits at USD87.59 billion, a slight decrease of 4.79% from the previous month. On top of that, the average daily volume (ADV) in August was USD2.83 billion, a decrease of approximately 4.79% from July.
Doo Group’s trading volume increased significantly in July as investors purchased gold amid fears of a global recession and risk aversion. In August, as various important economic data were released and the hawkish statements from the Federal Reserve strengthened market expectations of a tightening cycle, the market adopted a wait-and-see attitude, resulting in a slight decrease in trading volume for the month of August. Since the beginning of 2023, Doo Group has shown a stable trend overall. To date, Doo Group’s total trading volume reached USD631.96 billion, an increase of approximately 44.10% 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 85.80%. Among them, XAU/USD recorded the highest monthly trading volume of about USD63.52 billion, while EUR/USD and GBP/USD had a total monthly trading volume of about USD11.63 billion.
In addition, XAU/USD saw the highest trading volume growth, an increase of USD1.79 billion or 2.90% compared to July.
As an industry-leading financial services group, Doo Group has been showing strong momentum in terms of trading volume. Doo Group aspires to continuously build a global financial technology system and a comprehensive financial ecosystem. Doo Group will strive for excellence through its journey of leading the new fintech era, keeping its clients at the forefront in the industry.
About Doo Group
Doo Group was established in 2014, currently headquartered in Singapore. After years of development, Doo Group has become a multi-faceted financial services group with financial technology as its core. With multiple sub-brands such as Doo Clearing, Doo Financial, Doo Prime, Doo Wealth, Doo Health, Doo Academy, Lesspay, FinPoints and many more, the group is committed to providing individuals and institutional clients worldwide with one-stop high-quality financial services and innovative solutions.
Currently, the entities within Doo Group, according to their location and products, are regulated by many of the top global financial regulators, including, but not limited to the United States Securities and Exchange Commission (US SEC) and Financial Industry Regulatory Authority (US FINRA), United Kingdom Financial Conduct Authority (UK FCA), the Australian Securities & Investments Commission (ASIC), the Australian Transaction Reports and Analysis Centre (AUSTRAC), the Hong Kong Securities and Futures Commission (HK SFC), the Hong Kong Insurance Authority (HK Insurance Broker), the Hong Kong Companies Registry (HK Trust Company), the Hong Kong Customs and Excise Department (HK Money Service Operator), the Hong Kong Estate Agents Authority (HK EAA), the Malaysia Labuan Financial Services Authority (MY Labuan FSA), the Seychelles Financial Services Authority (SC FSA), Mauritius Financial Services Commission (MU FSC), and the Vanuatu Financial Services Commission (VU FSC). Doo Group has entities operating in various global locations, including Dallas, London, Sydney, Singapore, Hong Kong, Dubai, Kuala Lumpur as well as other regions.
For enquiries and further information, please contact us:
Hong Kong: +852 6701 2091
Singapore: +65 6011 1736
Email: [email protected]
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