Cboe FX Markets Posts 34.4% Yearly Jump in Total Volume in August 2022

Cboe FX Markets, a foreign exchange provider to the institutions, has published its monthly trading volume numbers for August 2022, showing the demand for the platform's services increased on a month-on-month basis.

More specifically, the broker registered a total volume of $854.9 billion, a month-over-month jump of 6.6 percent compared to $801.9 billion in July 2022. On a yearly basis, the FX trading demand increased by 34.4 percent from last year's $636.1 billion.

The Average daily volume (ADV) for the month reached $37.2 billion, 2.7 percent lower compared to $38.2 billion in the previous month. August had 23 trading days, compared to 21 in July.

In July, the company's total trading volume came in at $801.9 billion​, a month-over-month decline of 8.2 percent compared to $873.7 billion in June 2022. On a yearly basis, the FX trading demand increased by 11.4 percent.