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 2632 9557

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   

This article is for information purposes only and should not be construed as investment advice. Doo Group does not make any representations or warranties regarding the accuracy or completeness of the information provided. 

Please make sure you read and fully understand the risks of the products or services described in this article before engaging any transaction with us. You should seek independent professional advice if you do not understand the risks disclosed herein. 

Disclaimer   

This information is addressed to the general public for informational purposes only and should not be taken as investment or professional advice, recommendation, offer, or solicitation to buy or sell any products mentioned here. The information displayed here 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 product shall not be taken as a reliable indicator of its future results. Doo Group makes no representations or warranties regarding the information displayed here and shall not be liable for any direct or indirect loss or damages incurred by the reader as a result of using the information provided.