Your Bourse, a trade execution technology provider, has reported a record monthly trading volume of $1.08 trillion in December 2023. The company's performance has not only attracted a surge in clients but has also witnessed an increase in trading volume via the Your Bourse platform.
Top Trading Instruments and Their Share
Throughout the year, Your Bourse experienced expansion. The company's core offerings, including the Matching Engine, Bridge Solutions, liquidity aggregation, and FIX server for liquidity distribution, played a pivotal role in securing these achievements.
The average daily trading volume in the last month of the year stood at an impressive $35 billion. December 29th marked the pinnacle, with a peak daily trading volume reaching $165 billion.
Your Bourse disclosed that the top 5 trading instruments with the highest share in December were XAUUSD, EURUSD, US30, NAS100, and GBPUSD. Notably, the Gold instrument XAUUSD claimed the lion's share, representing 23% of the total trading volume, amounting to an astounding $250 billion. Following closely, the EURUSD turnover accounted for 15% amounting $163 billion of the total volume, securing the second position.
Your Bourse Unveils Floating Leverage and Commission Features
Earlier, Finance Magnates reported that Your Bourse expanded its platform by introducing floating leverage and floating commissions to its execution engine and risk management platform.
Floating leverage enables brokers to dynamically adjust offered leverage based on predefined rules, adapting to market changes. Floating commissions allow brokers to real-time adjust commission rates on a trade-by-trade or client-by-client basis. Accessible via a standalone plug-in or through the cloud portal, these features enhance flexibility for brokers and reduce market risks.
Your Bourse, a platform-as-a-service, focuses on multi-asset liquidity aggregation for forex, CFDs, and cryptocurrency brokers. The CEO, Andrey Vedikhin, emphasizes the company's commitment to improving the platform and providing tools for clients' business growth.