Cboe FX Markets has released the key trading metrics of the spot forex trading for December, showing an expected pullback for the month.

According to the official numbers, the total volume on the platform came in at $681 billion, which is a month-over-month decline of 12.2 percent. The platform reported $776 billion in volume for November 2021.

Additionally, the average daily volume (ADV) in December declined to $29.6 billion from the previous month’s amount of $35.2 billion. Although, December had 23 trading days compared to 22 days in November.

But, the monthly slide was expected as it was a cyclical dip in demand induced by the holiday season.

However, the    forex trading  demand on the platform also dropped year-over-year. In December 2020, the platform recorded $719.1 billion in trading volume, showing that the metrics had dropped by more than 5 percent.

Quarter Remained Strong

In contrast, the overall quarterly demand strengthened significantly between October and December, when compared to the previous two quarters of the year. The total volume for Q4 came in at more than $2.17 trillion, which was mostly driven by the surge in October and November. Further, the spot    trading platform  reported $2.1 trillion and $2 trillion in volume for Q3 and Q2, respectively, whereas Q1 brought in over $2.3 trillion.

The quarterly volume again saw a marginal yearly dip as it dropped from $2.18 trillion recorded in Q4 of 2020.

Meanwhile, Cboe, which is one of the top derivatives trading venues in the United States, is expanding its presence in neighboring Canada. It has finalized a deal to acquire the Toronto-based stock exchange, NEO, which is expected to be closed in the first half of this year.

Cboe FX Markets has released the key trading metrics of the spot forex trading for December, showing an expected pullback for the month.

According to the official numbers, the total volume on the platform came in at $681 billion, which is a month-over-month decline of 12.2 percent. The platform reported $776 billion in volume for November 2021.

Additionally, the average daily volume (ADV) in December declined to $29.6 billion from the previous month’s amount of $35.2 billion. Although, December had 23 trading days compared to 22 days in November.

But, the monthly slide was expected as it was a cyclical dip in demand induced by the holiday season.

However, the    forex trading  demand on the platform also dropped year-over-year. In December 2020, the platform recorded $719.1 billion in trading volume, showing that the metrics had dropped by more than 5 percent.

Quarter Remained Strong

In contrast, the overall quarterly demand strengthened significantly between October and December, when compared to the previous two quarters of the year. The total volume for Q4 came in at more than $2.17 trillion, which was mostly driven by the surge in October and November. Further, the spot    trading platform  reported $2.1 trillion and $2 trillion in volume for Q3 and Q2, respectively, whereas Q1 brought in over $2.3 trillion.

The quarterly volume again saw a marginal yearly dip as it dropped from $2.18 trillion recorded in Q4 of 2020.

Meanwhile, Cboe, which is one of the top derivatives trading venues in the United States, is expanding its presence in neighboring Canada. It has finalized a deal to acquire the Toronto-based stock exchange, NEO, which is expected to be closed in the first half of this year.