Cboe FX Markets Reports $870.4 Billion Total Volume in May 2022

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

More specifically, the broker registered a total volume of $870.4 billion, a month-over-month jump of more than 12 percent compared to $777.1 billion in April 2022. On a yearly basis, the FX trading demand increased significantly by 27 percent.

The Average daily volume (ADV) for the month reached $39.5 billion, 6.7 percent higher compared to $37 billion in the previous month. May had 22 trading days, compared to 21 in April.

In April, the platform reported $777.1 billion in total monthly volumes, which was a drop of almost 24 percent from March, one of the best months for the American forex trading venue in terms of volumes. Cboe ended the month with an average daily volume (ADV) of $37 million.