Doo Group, a pre-eminent financial services group with financial technology at its core, recently released its June 2023 trading volume report.
June Trading Volume Overview 2023
-Total trading volume: USD78.17 billion
-Most popular products: XAU/USD, EUR/USD, GBP/USD
-XAU/USD saw the highest trading volume at USD49.35 billion
-GER30 saw the highest increase, up USD324 million or 360.04%
(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 June 2023 sits at USD78.17 billion, a slight drop of 4.95% from the previous month. On top of that, the average daily volume (ADV) in June was USD2.61 billion, a decrease of approximately 1.79% from May.
Divergence in global central bank interest rate resolutions increased in June, with the lagged effect of rate hikes and uncertainty over credit tightening increasing the risk of excessive tightening. The hawkish tone of the Federal Reserve’s rhetoric reinforced market expectations of a tightening cycle, and the market was in a wait-and-see mode, with trading volumes falling slightly in June. Since the beginning of 2023, Doo Group has shown a stable trend overall. To date, Doo Group’s total trading volume reached USD452.39 billion, an increase of approximately 33.8% 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 83.02%. Among them, XAU/USD recorded the highest monthly trading volume of about USD49.35 billion, while EUR/USD and GBP/USD had a total monthly trading volume of about USD15.55 billion.
In addition, GER30 saw the highest trading volume growth, an increase of USD324 million or 360.04% compared to May.
As an industry-leading financial services group, Doo Group has been showing strong momentum in terms of trading volume. In the future, 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, FinPoints and more, Doo Group is committed to provide trading and asset management services for over 20,000 financial products such as Securities, Futures, Forex, CFDs and Funds to global individual and institutional clients.
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 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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