Doo Group, a pre-eminent financial services group 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% 

 

(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 May 2023 sits at USD82.25 billion, an increase of 16.66% from the previous month. On top of 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 our trading volume.  

Since the beginning of 2023, Doo Group 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 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] 

    

Forward-looking Statement   

“Forward-looking” Statements 

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. 

  

Risk Disclosure   

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 incur 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.   

  

Disclaimer   

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.