Cboe FX Markets Posts 16.7% MoM Increase in Total Volume for January 2023

Cboe FX Markets, a foreign exchange provider to the institutions, has published its monthly trading volume numbers for January 2023, showing the demand for the platform's services increased both on monthly and yearly basis.

More specifically, Cboe FX recorded a total trading volume of $901,860 million during January 2023, 16.7% higher than $773,075 million in December 2022 and 17.5% higher than $767,777 million in January 2022.

The Average Daily Volume (ADV) for the month came in at $40,994 million, increasing 16.7% compared with $35,140 million in the prior month and increasing 12.1% compared with $36,561 million in the same period of last year. This January had 22 trading days, the same as the previous month.

The exchange attaches great important on Liquidity management ove the fast few years. Last month, Cboe FX had joined the EcoSystem of oneZero​, a global leader in multi-asset enterprise trading technology on liquidity clearing, to improve its ability of liquidity service providing.