Cboe FX Markets Reports $776.5 Billion Total Volume in November 2021

Cboe FX Markets, a foreign exchange provider to the institutions, has published its monthly trading volume numbers for November 2021. The demand for the platform's services increased on a month-on-month basis.

More specifically, the broker registered a total volume of $776.5 billion, a month-over-month jump of more than 8.2 percent compared to $717 billion in October 2021. But on a yearly basis, the FX trading demand slipped marginally by 1.6 percent.

The Average daily volume (ADV) for the month reached $35.3 billion, 3.2 percent higher compared to $34.1 billion in the previous month. November had 22 trading days, compared to 21 in October.

In October, Cboe FX Markets registered a total volume of $717 billion, which was down by 4.9 percent compared to $754 billion in September 2021.

Earlier this year, Cboe FX Markets has launched an algorithmic execution service in collaboration with XTX Markets​, an electronic liquidity provider, enabling Cboe FX users to access the XTX Markets Execution Algo (XTX Algo).