Doo Group Reports Record Trading Volume In July 2022

Doo Group, a large financial services group with financial technology at its core, recently released its July 2022 trading volume report.

July 2022 Trading Volume Overview

• Total Trading Volume: USD46.10 billion
• Most popular products: XAU/USD, EUR/USD, GBP/USD
• XAU/USD recorded the highest trading volume at USD30.11 billion
• EUR/AUD posted the highest increase of 54.83% (+USD110 million)

Doo Group, a financial services group with cutting-edge technology and solutions, recorded USD46.10 billion in total trading volume in July 2022.

The July 2022 total trading volume sees a decrease of 30.10% compared with the previous month. Nonetheless, on a yearly basis, the trading volume shows a significant increase of 67.8% compared to USD27.48 billion in the same month last year.

Meanwhile, the average daily volume (ADV) in July was USD1.49 billion, a decrease of 32.35% compared to June 2022.

This number is a total of trading volumes from the Group’s affiliates, Doo Clearing Limited, which is a London-based FCA-regulated liquidity provider, and Doo Prime, a leading global online broker.

The U.S Consumer Price Index (CPI) rose by 9.1% year-on-year in June, reaching a near 41-year high. To curb the high inflation rate, the United States Federal Reserve announced a 75-basis point interest rate hike on July 27, the fourth time the Federal has raised rates so far this year.

As a result of the active rate hike, US dollar assets appreciated back and, as commodities have denominated in US dollars, this led to a fall in major commodity prices in July. This is with crude oil prices falling by 10% and metal prices plummeting by 13.4%.

As a result, the average commodity prices were slightly lower in July than in June. Despite a significant increase in the overall number of lots traded in July, the total trading volume fell back due to price volatility and the macro environment.

To date, Doo Group’s total volume traded is valued at USD384.25 billion. Of this total, July saw an increase in the total volume of 134.35% compared to the same period last year.

According to the data, XAU/USD, EUR/USD, and GBP/USD were the top choices for traders. They took up 80.88% of the total trading volume in July.

In addition, XAU/USD recorded the highest monthly trading volume with USD30.11 billion. The other two strongest pairings are EUR/USD and GBP/USD, which recorded USD7.18 billion of the overall monthly trading volume.

The EUR/AUD recorded the highest increase in monthly trading volume, with USD110 million, or 54.83% compared to June.

While there are many factors contributing to this growth, there is no question that Doo Group holds the capability to exemplify this flourishing performance in months and years to come.

The company will continue to create a global fintech system and lead the way to a new era of fintech-driven globalization.

As a financial services group, Doo is committed to establishing a financial ecosystem network that empowers clients to stay one step ahead.

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 at 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 (AU ASIC), the Hong Kong Insurance Authority (HK IA), the Hong Kong Customs and Excise Department (HK C&ED), the Hong Kong Companies Registry (HK CR), 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]

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.