Doo Group Reports Record Trading Volume in October 2024

Doo Group, a pre-eminent financial services group with FinTech as its core, recently released its October 2024 trading volume report. 

October Trading Volume Overview 2024 

• Total Trading Volume: USD 176.84 billion 

• Most Popular Products: XAU/USD, EUR/USD, USD/JPY 

• XAU/USD saw the highest trading volume. 

• XAU/USD saw the highest increase, an increase of 48.76%.

According to the report, Doo Group’s total trading volume in October 2024 is valued at USD 176.84 billion, a rise of 37.44% from the previous month. Furthermore, October’s average daily volume (ADV) is USD 5.70 billion, an increase of 33.01% from September. 

Due to the uncertainties caused by the US presidential election, the increased tension in the Middle East, and the Federal Reserve’s (Fed) unknown future on rate cuts, investors’ risk aversion had risen. This has caused a surge in gold investment, breaking records in the month of October.  

In addition, European Central banks followed in the Fed’s footsteps to cut rates in October, causing the stock market to surge, attracting the investors’ attention, and pushing the trading activities to a new height. 

Compared to September, Doo Group’s ADV has increased in October, causing the overall trading volume to rise. Year to date, Doo Group’s total trading volume is valued at USD 1160.10 billion, an expansion of 48.1% as compared to the same period last year. 

According to the recorded data, XAU/USD, EUR/USD, and USD/JPY were the investors’ top picks, contributing 93.54% of October’s total trading volume.  

Besides, XAU/USD also has the largest growth in the monthly trading volume, an increase of 48.76% as compared to September. 

As an internationally leading financial services group, Doo Group continues to show strong momentum in its trading volume. In the future, Doo Group will continue to develop a global FinTech system and build a comprehensive financial ecosystem. We strive to lead the FinTech transformation in this era, ensuring that our clients are at the forefront of the industry.