Doo Group, a pre-eminent financial services group with financial technology as its core, has recently released its September 2023 trading volume report.
September Trading Volume Overview 2023
- Total trading volume: USD78.70 billion
- Most popular products: XAU/USD, EUR/USD, GBP/USD
- XAU/USD saw the highest trading volume at USD58.59 billion
- HSI_2309 saw the highest increase, up USD0.36 billion or 279.76%
(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 had a total trading volume of USD78.70 billion in September 2023, a slight decrease of 10.14% from the previous month. Furthermore, the average daily volume (ADV) in September was USD2.62 billion, a taper off from the previous month of approximately 7.15%.
The fear towards global recession and risk aversion has caused the gold value to spike in the first half of 2023, and Doo Prime observed a significant increase in its gold trading volume in the month of July. Strong greenback, the rising US Treasury Securities yield rate, and the fear of the US rate hikes, and others have caused the attractiveness of gold to decrease, and investors’ interest towards the gold has gradually died down. The market is in a stagnant state, Doo Group’s total trading volume in September has declined from the significant rise in July. Since the beginning of 2023, Doo Group’s trading volume has been remarkably in a stable state. Year to date, Doo Group’s trading volume has totaled up to USD710.66 billion, a growth of 44.20% from the previous year.
The data shows that XAU/USD, EUR/USD, GBP/USD are the top picks by the investors, constituting 86.84% of the September’s total trading volume. Among them, XAU/USD has the highest monthly trading volume, with USD58.59 billion; meanwhile, EUR/USD and GBP/USD has a total monthly volume of approximately USD9.76 billion.
Besides, HSI_2309 has shown the greatest increase in the monthly trading volume, up 0.36 billion or 279.76% from the previous month.
As an internationally-leading financial services group, Doo Group has continuously presented strong momentum in their trading volume. Doo Group aspires to continuously build a global financial technology system and a comprehensive financial ecosystem. Doo Group continues to strive to become the unicorn in this new fintech era, whilst 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]
This article contains “forward-looking statements” and may be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “hope”, “intend”, “may”, “might”, “plan”, “potential”, “predict”, “should”, or “will”, or other variations thereon or comparable terminology. However, the absence of such terminology does not mean that a statement is not forward-looking. In particular, statements about the expectations, beliefs, plans, objectives, assumptions, future events, or future performance of Doo Group will be generally assumed as forward-looking statements.
Doo Group has provided these forward-looking statements based on all current information available to Doo Group and Doo Group’s current expectations, assumptions, estimates, and projections. While Doo Group believes these expectations, assumptions, estimations, and projections are reasonable, these forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond Doo Group’s control. Such risks and uncertainties may cause results, performance, or achievements materially different from those expressed or implied by the forward-looking statements.
Doo Group does not provide any representation or warranty on the reliability, accuracy, or completeness of such statements. Doo Group is not obliged to provide or release any updates or revisions to any forward-looking statements.
Trading in financial instruments involves high risks due to the fluctuation in the value and prices of the underlying financial instruments. Due to the adverse and unpredictable market movements, large losses exceeding the investor’s initial investment could be incurred within a short period of time. The past performance of a financial instrument is not an indication of its future performance.
Please make sure you read and fully understand the trading risks of the respective financial instrument before engaging in any transaction with us. You should seek independent professional advice if you do not understand the risks disclosed by us herein.
This information is addressed to the general public solely for information purposes and should not be taken as investment advice, recommendation, offer, or solicitation to buy or sell any financial instrument. The information displayed herein has been prepared without any reference or consideration to any particular recipient’s investment objectives or financial situation. Any references to the past performance of a financial instrument, index, or a packaged investment product shall not be taken as a reliable indicator of its future results. Doo Group makes no representation and warranties to the information displayed and shall not be liable for any direct or indirect loss or damages as a result of any inaccuracies and incompleteness of the information provided. Doo Group shall not be liable for any loss or damages as a result of any direct or indirect trading risks, profit, or loss associated with any individual’s investment.