Cboe FX Markets Sees 18.6% Yearly Jump in Total Volume in November 2022

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

More specifically, the company registered a total volume of $921.3 billion, a month-over-month increase of 2.8 percent compared to $896.5 billion in October 2022. On a yearly basis, the FX trading demand increased by 18.6 percent from last year's $776.5 billion.

The Average daily volume (ADV) for the month reached $41.9 billion, 1.9 percent lower compared to $42.7 billion in the previous month. November had 22 trading days, compared to 21 in October.

In October, the company registered a total volume of $896.5 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.