Cboe FX Markets Saw 17.9% MoM Jump in Total Volume in September 2022

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

More specifically, the broker registered a total volume of $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.

The Average daily volume (ADV) for the month reached $45.8 billion, 23.3 percent higher compared to $37.2 billion in the previous month. September had 22 trading days, compared to 23 in August.

In August, the company's total trading volume came in at $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.