Doo Group Delivers 84.5% Yearly Jump in September Total Trading Volume

Doo Prime, a pre-eminent online broker with financial technology at its core, recently released its September 2022 trading volume report.

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According to the report, Doo Group's total trading volume in September 2022 sits at USD54.19 billion, a slight decrease of 0.39% from the previous month. However, it was a significant increase of approximately 84.5% from USD29.38 billion in the same month last year. On top of that, the average daily volume in September reached USD1.81 billion, an increase of 2.93% from the figure in August.  

Doo Group's trading volume has been increasing steadily since the beginning of the year. Besides the breakthrough growth in May, trading volume in other months maintained steadily. Trading volume in September fell slightly compared to the previous month, presumably due to the active rate hike in the US dollar, which led to sharp fluctuations in related products. In this case, some investors chose to avoid the volatile market as much as possible. Year-to-date, Doo Group's total trading volume has reached USD492.85 billion, an increase of 123.86% over the same period last year.  

According to the data, XAU/USD, EUR/USD and GBP/USD were the top choices of traders for the month, accounting for 74.50% of the total trading volume in September. XAU/USD had the highest monthly trading volume of about USD32.57 billion, while EUR/USD and GBP/USD had a total monthly trading volume of about USD7.80 billion.

In addition, GBP/CAD saw the largest monthly volume growth, increasing by USD670 million or 239.81% from August.