Doo Group Reports Record Trading Volume In October 2022
Doo Group, a pre-eminent financial services group with financial technology at its core, recently released its October 2022 trading volume report.
October Trading Volume Overview 2022
- Total trading volume: USD57.79 billion
- Most popular products: XAU/USD, GBP/USD, EUR/USD
- XAU/USD recorded the highest trading volume at USD37.73 billion
- XAU/USD saw the highest increase, up USD5.16 billion or 15.83%
(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 October sits at USD57.79 billion, a steady increase of 6.64% from the previous month. It was also an increase of 93.0% from USD29.94 billion in the same month last year. On top of that, the average daily volume (ADV) in October was USD1.86 billion, an increase of approximately 3.20% from September.
Since the beginning of the year, Doo Group has seen steady growth in terms of trading volume. Apart from the breakthrough growth in May, trading volume in other months remained steadily. Since October, popular events such as the release of non-farm payroll and the Federal Reserve interest rate hike policy have followed one after another, of which have caused a relatively clear trend in the market performance. Accordingly, the trading volume in October remained stable and increased compared with the previous month.
According to the data, XAU/USD, GBP/USD and EUR/USD were the top choices for traders during the month, accounting for 77.99% of the total trading volume in October. Among them, XAU/USD recorded the highest monthly trading volume of about USD37.73 billion, while GBP/USD and EUR/USD had a total monthly trading volume of about USD7.34 billion.
In addition, EUR/USD saw the highest monthly volume growth, increasing by USD5.16 billion or 15.83% from September.
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 (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]
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.
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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.
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.
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