Doo Prime, a pre-eminent online brokerage group with FinTech as its core, recently released its December 2023 trading volume report.
December Trading Volume Overview 2023
- Total Trading Volume: USD 65.86 billion
- Most Popular Products: XAU/USD, EUR/USD, GBP/USD
- XAU/USD saw the highest trading volume at USD 44.70 billion
- HSI_2312 saw the highest increase, an increase of USD 0.3 billion or 116.84%
According to the report, Doo Prime’s total trading volume in December 2023 is valued at USD 65.86 billion, a slight decline of 6.03% from the previous month. Furthermore, December’s average daily volume (ADV) is USD 2.12 billion, a slight drop of 9.06% from November.
The stronger than expected US non-farm payroll data, and the slowdown of the employment market in December have led the market to cast doubts on the Federal Reserve’s (Fed) move to cut interest rates in March; instead, it estimates that the Fed will reduce the rates in May 2024. The market was in a “wait-and-see” state in December.
As the year-end draws closer, investors have slowed down their trading activities in December and have taken a conservative approach in their investment strategy, to cater for more room for investment in the new year. Hence, the trading volume in December has declined.
Since the beginning of 2023, Doo Prime’s overall trading volume has been on a stable upward trend. Year to date, Doo Prime’s total trading volume is valued at USD 919.40 billion, an increase of 38.74% as compared to the same period last year.
According to the recorded data, XAU/USD, EUR/USD, and GBP/USD were the investors’ top picks, contributing 82.7% of December’s total trading volume. Among them, XAU/USD has the highest monthly trading volume at USD 44.70 billion; meanwhile, EUR/USD and GBP/USD have a total monthly trading volume of USD 9.75 billion.
Besides, HSI_2312 has the largest growth in the monthly trading volume, an increase of USD 0.3 billion or 116.84% as compared to November.
As an internationally leading online brokerage group, Doo Prime continues to show a strong momentum in the trading volume. In the future, Doo Prime will continue to strive to lead the FinTech transformation in this new era and ensure the clients are at the forefront of the industry.
About Doo Prime
Our Trading Products
Securities | Futures | Forex | Precious Metals | Commodities | Stock Indices
Doo Prime, an international preeminent online broker under Doo Group, strives to provide professional investors with a wide range of global CFD trading products including Securities, Futures, Forex, Precious Metals, Commodities, and Stock Indices. At present, Doo Prime is delivering the finest trading experience to more than 1300,000 professional clients, with an average monthly trading volume exceeding USD 51.223 billion.
Doo Prime entities respectively hold the relevant financial regulatory licenses in Seychelles, Mauritius, and Vanuatu with operation centers in Dallas, Singapore, Hong Kong, Sydney, Cyprus, Dubai, Kuala Lumpur, and other regions.
With robust financial technology infrastructure, well-established partnerships, and an experienced technical team, Doo Prime boasts a safe and secure trading environment, competitive trading costs, as well as deposit and withdrawal methods that support 20+ different currencies. Our 24/7 multilingual customer service ensures exceptional support, while our lightning-fast trade execution is facilitated through industry-leading trading terminals such as MT4, MT5, TradingView, and Doo Prime InTrade, covering over 10,000 trading products.
Doo Prime’s vision and mission are to become a financial technology-focused broker, streamlining international global financial products investment.
For more information about Doo Prime, please contact us at:
Phone:
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This information is addressed to the general public solely for information purposes and should not be taken as investment advice, recommendation, offer, or solicitation to buy or sell any financial instrument. The information displayed herein has been prepared without any reference or consideration to any particular recipient’s investment objectives or financial situation. Any references to the past performance of a financial instrument, index, or a packaged investment product shall not be taken as a reliable indicator of its future performance. Doo Prime and its holding company, affiliates, subsidiaries, associated companies, partners and their respective employees, make no representation or warranties to the information displayed and shall not be liable for any direct, indirect, special or consequential loss or damages incurred as a result of any inaccuracies or incompleteness of the information provided, and any direct or indirect trading risks, profit, or loss arising from any individual’s or client’s investment.
