The company volumes remained above the $1 trillion threshold.
November, with a greater number of trading days, brought lower ADV.
Institutional
spot currency trading in November 2023 showed mixed results among major market
operators, including Cboe FX, Deutsche Börse's 360T, Euronext FX, and Click
365. For the American Cboe FX, however, results remained above the $1 trillion
threshold for the second consecutive month, a remarkably rare occurrence.
Cboe FX Reports Slightly
Lower ADV in October 2023
For the
US-based Cboe FX, October 2023 saw a slight halt in the recent monthly volume
increases, although the decline was marginal. The total trading volume in
November was $1.01 trillion compared to $1.03 trillion in the previous month.
Like October, November had 22 trading days.
The average
daily volume (ADV) also declined, falling from October's $46.75 billion to
$45.91 billion in November. These were, however, better results than what Cboe
reported in September and August.
It's
noteworthy that exceeding $1 trillion in monthly volume is historically rare,
having occurred only six times since 2017, twice in the last two consecutive
months.
The number
of trading days in Europe was the same as in the United States, but the results
reported by different institutions were mixed, as in previous months.
360T
Deutsche Börse, a leading European institutional FX trading platform, reported
a volume of $595.87 billion in November, up from October's $567.97 billion.
However, due to a higher number of trading days in November, the ADV decreased
to $27.09 billion compared to $28.4 billion reported in previous months.
Euronext
FX, a significant ECN for spot FX and precious metals, reported trading volumes
of $534.94 billion, marking a significant jump from $507.79 billion in October.
The ADV also increased from $23.08 billion to $24.32 billion despite more
trading days in November.
On the
Asian market, Click 365, an FX platform of the Tokyo stock exchange, also
published its results. The total number of traded contracts was 2,223,992, a
7.6% increase compared to October. However, similar to previous months, the
year-on-year dynamic was down by 26.5%. The ADV for Click 365 contracts in
October was 101,090.
Last week,
we also reported on the profitability of retail clients in the FX/CFD markets. Traders
of TeleTrade, Saxo Bank, and CFI achieved the highest profitability among the
top 20 brokers by volume.
Institutional
spot currency trading in November 2023 showed mixed results among major market
operators, including Cboe FX, Deutsche Börse's 360T, Euronext FX, and Click
365. For the American Cboe FX, however, results remained above the $1 trillion
threshold for the second consecutive month, a remarkably rare occurrence.
Cboe FX Reports Slightly
Lower ADV in October 2023
For the
US-based Cboe FX, October 2023 saw a slight halt in the recent monthly volume
increases, although the decline was marginal. The total trading volume in
November was $1.01 trillion compared to $1.03 trillion in the previous month.
Like October, November had 22 trading days.
The average
daily volume (ADV) also declined, falling from October's $46.75 billion to
$45.91 billion in November. These were, however, better results than what Cboe
reported in September and August.
It's
noteworthy that exceeding $1 trillion in monthly volume is historically rare,
having occurred only six times since 2017, twice in the last two consecutive
months.
The number
of trading days in Europe was the same as in the United States, but the results
reported by different institutions were mixed, as in previous months.
360T
Deutsche Börse, a leading European institutional FX trading platform, reported
a volume of $595.87 billion in November, up from October's $567.97 billion.
However, due to a higher number of trading days in November, the ADV decreased
to $27.09 billion compared to $28.4 billion reported in previous months.
Euronext
FX, a significant ECN for spot FX and precious metals, reported trading volumes
of $534.94 billion, marking a significant jump from $507.79 billion in October.
The ADV also increased from $23.08 billion to $24.32 billion despite more
trading days in November.
On the
Asian market, Click 365, an FX platform of the Tokyo stock exchange, also
published its results. The total number of traded contracts was 2,223,992, a
7.6% increase compared to October. However, similar to previous months, the
year-on-year dynamic was down by 26.5%. The ADV for Click 365 contracts in
October was 101,090.
Last week,
we also reported on the profitability of retail clients in the FX/CFD markets. Traders
of TeleTrade, Saxo Bank, and CFI achieved the highest profitability among the
top 20 brokers by volume.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
FX Volatility Impacts Q1 Revenue of Compagnie Financière Tradition
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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