Doo Prime Reports 93% Yearly Jump in October Total Trading Volume

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

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Doo Prime's total trading volume in October sits at USD57.79 billion, a steady increase of 6.64% from the previous month. It was also an increase of 93.0% from USD29.94 billion in the same month last year. On top of that, the average daily volume (ADV) in October was USD1.86 billion, an increase of approximately 3.20% from September.

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. Since October, popular events such as the release of non-farm payroll and the Federal Reserve interest rate hike policy have followed one after another, which has caused a relatively clear trend in the market performance. Accordingly, the trading volume in October remained stable and increased compared with the previous month.

According to the data, XAU/USD, GBP/USD and EUR/USD were the top choices for traders during the month, accounting for 77.99% of the total trading volume in October. Among them, XAU/USD recorded the highest monthly trading volume of about USD37.73 billion, while GBP/USD and EUR/USD had a total monthly trading volume of about USD7.34 billion.

In addition, EUR/USD saw the highest monthly volume growth, increasing by USD5.16 billion or 15.83% from September.