Doo Group, a pre-eminent financial services group with fintech as its core, recently released its October 2023 trading volume report.
October Trading Volume Overview 2023
- Total trading volume: USD 72.80 billion
- Most popular products: XAU/USD, EUR/USD, GBP/USD
- XAU/USD saw the highest trading volume at USD 54.37 billion
- US30 saw the highest increase, an increase of USD 0.63 billion or 94.59%
(The reported data includes 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 October 2023 is valued at USD 72.80 billion, a slight decrease of 7.50% from the previous month. Furthermore, October’s average daily volume (ADV) is USD 2.35 billion, a slight decline of 10.49% from September.
The market continues to remain concerned in October due to the upgraded conflicts between Palestine and Israel. Additionally, the lower-than-expected performance of the various key economic data signifies the current market concern towards the future. The market’s risk aversion rose, and investors have resorted to a wait-and-see approach. Accordingly, Doo Group’s October 2023 trading volume has slightly declined as compared to the previous month.
Nonetheless, since the beginning of 2023, Doo Group’s overall trading volume has been in a stable state. To date, Doo Group’s total trading volume amounted to USD 783.46 billion, an increase of 42.28% as compared to the same period last year.
According to the data recorded, XAU/USD, EUR/USD, and GBP/USD are the investor’s top picks, constituting 85.73% of October’s total trading volume. Among them, XAU/USD has the highest monthly trading volume, amounting to USD 54.37 billion; meanwhile, the total monthly trading volume of EUR/USD and GBP/USD amounted to USD 8.05 billion.
Aside from that, US30 showed the highest growth in the monthly trading volume, an increase of USD 0.63 billion, or 94.59% as compared to September.
As an internationally leading financial services group, Doo Group continues to show a strong momentum in the trading volume. In the future, Doo Group will continue to develop a global FinTech system and build a comprehensive financial ecosystem. Doo Group 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 Group
Doo Group, established in 2014 and headquartered in Singapore, is an international financial services group with FinTech as its core. Operating through six major business lines, including Brokerage, Wealth Management, Payment Exchange, FinTech, Financial Education, and Health Care, Doo Group continually strengthens our financial ecosystem. We are dedicated to providing comprehensive financial services and innovative solutions to clients worldwide. Together, we embark on a journey to Explore α Better Future.
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:
Official Website: doo.com
Hong Kong: +852 6701 2091
Singapore: +65 6011 1736
Email: [email protected]
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