Cboe FX Markets Sees 11% MoM Decrease in Total Volume in August 2021

Cboe FX Markets, a foreign exchange (forex) provider to the institutions, has published its monthly trading volume numbers for August 2021. The demand for the platform's services decreased on a month-on-month basis.

More specifically, the broker registered a total volume of $636 billion, down by 11% compared to $719 billion in July 2021. That number for the same period in 2020 was $602 billion. 

Average daily volume (ADV) for the month reached $28.9 billion, compared to $32.6 billion in the previous month. August had a total of 22 trading days. 

Earlier in August, Fazzaco reported that Cloud solutions provider IPC announced that it will support Cboe Global Markets in launching Cboe Europe Derivatives​, a new derivatives exchange based in Amsterdam, on September 6, 2021.