Exness Reports 9.8% Correction in August Trading Volume
- The total trading volume for the month came in at $879.4 billion.
Exness, a global Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs broker, published key trading metrics for August, showing a correction in monthly trading volume from the peak the platform had achieved in July. According to the latest numbers, the total trading volume for the broker came in at $879.4 billion for the month.
This figure is almost 9.8 percent lower than the July peak, but it is still the third-best monthly volume reported by the broker in its operating history. The monthly correction mostly resulted from the summer vacationing traders, which has become a cyclical trend in the trading industry.
The broker still maintains the uptrend in its demand as, on a yearly basis, the monthly trading volume gained nearly 47 percent. The sharp recovery in volume started last May and continued as the broker is now poised to break the $1 trillion mark.
Despite the correction, the global brokerage reported a significant jump in onboarding new traders. It added 15,174 new traders in August alone, which is among the highest single month addition by Exness, and ended the month with a total of 224,544 traders.
Hiring Spree
Apart from the trading activities, Exness spent last month strengthening its leadership. It hired Marko Jagustin as the new Head of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term Provision (LP), who has an overall responsibility to develop the firm’s B2B proposition. Further, it on-boarded Wael Makarem and Ahmed Badr as the senior market strategist for MENA and MEA sales team lead, respectively.
Meanwhile, the broker is expanding its geographical reach as well and has obtained a South African FSCA license earlier this year. Furthermore, it became a member of the Financial Commission that will provide fund protection of up to €20,000 to each Exness client.
Exness, a global Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs broker, published key trading metrics for August, showing a correction in monthly trading volume from the peak the platform had achieved in July. According to the latest numbers, the total trading volume for the broker came in at $879.4 billion for the month.
This figure is almost 9.8 percent lower than the July peak, but it is still the third-best monthly volume reported by the broker in its operating history. The monthly correction mostly resulted from the summer vacationing traders, which has become a cyclical trend in the trading industry.
The broker still maintains the uptrend in its demand as, on a yearly basis, the monthly trading volume gained nearly 47 percent. The sharp recovery in volume started last May and continued as the broker is now poised to break the $1 trillion mark.
Despite the correction, the global brokerage reported a significant jump in onboarding new traders. It added 15,174 new traders in August alone, which is among the highest single month addition by Exness, and ended the month with a total of 224,544 traders.
Hiring Spree
Apart from the trading activities, Exness spent last month strengthening its leadership. It hired Marko Jagustin as the new Head of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term Provision (LP), who has an overall responsibility to develop the firm’s B2B proposition. Further, it on-boarded Wael Makarem and Ahmed Badr as the senior market strategist for MENA and MEA sales team lead, respectively.
Meanwhile, the broker is expanding its geographical reach as well and has obtained a South African FSCA license earlier this year. Furthermore, it became a member of the Financial Commission that will provide fund protection of up to €20,000 to each Exness client.