Doo Prime Posts Slight MoM Decline but Large YoY Increase in November Trading Volume

Doo Prime, a pre-eminent online broker with financial technology at its core, recently released its November 2022 trading volume report, showing a slight decline on a monthly basis.

According to the report, Doo Prime's total trading volume in November sits at USD57.61 billion, a slight decrease of 0.32% from the previous month. Yet, it was still an increase of approximately 31.4% compared to USD43.84 billion in the same period last year. On top of that, the average daily volume (ADV) in November was USD1.92 billion, an increase of approximately 3.01% from October.  

Since the beginning of the year, Doo Prime has seen steady growth in terms of trading volume. Apart from the breakthrough growth in May, trading volume in other months remained steadily. Although the trading volume in November fell slightly compared with the previous month, it still achieved a relatively large increase year-on-year. Year-to-date, Doo Group's trading volume has reached USD608.248 billion, an increase of 106.93% over the same period last year.  

According to the data, XAU/USD, EUR/USD and GBP/USD were the top choices for traders during the month, accounting for 80.34%. Among them, XAU/USD recorded the highest monthly trading volume of about USD36.36 billion, while EUR/USD and GBP/USD had a total monthly trading volume of about USD10.64 billion.  

In addition, EUR/USD saw the highest trading volume growth, increasing by USD3.17 billion or 86.41% from October.