Cboe FX Markets Saw 11.1% Decline in Total Volume in October 2022

Cboe FX Markets, a foreign exchange provider to the institutions, has published its monthly trading volume numbers for October 2022, showing the demand for the platform's services decreased on monthly but significantly increased on yearly basis.

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More specifically, the broker registered a total volume of $854.9 billion, a month-over-month decline of 11.1 percent compared to $1.0083 trillion in September 2022. On a yearly basis, the FX trading demand increased by 24.9 percent from last year's $717.5 billion.

The Average daily volume (ADV) for the month reached $42.7 billion, 6.9 percent lower compared to $45.8 billion in the previous month. October had 21 trading days, compared to 22 in September.

In September, the company's total trading volume came in at $1.0083 trillion, a month-over-month jump of 17.9 percent compared to $854.9 billion in August 2022. On a yearly basis, the FX trading demand increased by 33.6 percent from last year's $754.6 billion.