Exness Ends May with $2 Trillion in Trading Volume despite Correction

Exness has reported its trading metrics for May, ending another month with a total trading volume of more than $2 trillion. However, there was a decline of 4.7 percent from the figure of the previous month.

The multi-asset broker reported record numbers last March when its monthly volume touched $2.48 trillion. In addition, it was a record within the retail brokerage industry. Despite the decline from the peak, it has witnessed a trading volume above the $2 trillion mark for three months in a row.

However, the number of active traders on the trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term touched a record level last month. The broker ended May with 304,482 active traders. The figure was marginally higher than March, but it jumped by 8.2 percent from April.

The upward rally in demand for the trading services provided by Exness started with the initiation of the pandemic-induced market volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term. On a year-over-year basis, the monthly trading volume on the brokerage platform jumped by almost 158 percent.

Aggressive Expansion

Headquartered in Cyprus, Exness has expanded its global footprint aggressively over the recent years. The broker is primarily targeting emerging markets, which include the ones in Asia and Africa.

Additionally, the broker obtained a license from the regulator in Kenya that will help it further to expand into the lucrative retail trading markets in the continent. Moreover, it is regulated in South Africa, the United Kingdom, Cyprus and Seychelles.

Apart from the expansion, the broker is strengthening its leadership positions. Finance Magnates recently reported on the appointment of Daniel Gordon as the broker’s Corporate Services Director. Furthermore, it has hired Katina Messinis as Premier Account Management Head, Chris Trikomitis as Established Markets Director, Alfonso Cardalda as the Chief Marketing Officer, and Peter Plester as the Lead of B2B Sales Efforts only over the past few months.