Exness, a global multi-asset broker, has entered
its fifth consecutive month of generating more than $2 trillion in total trading
volumes.
In July, the total number of contracts for
difference (CFDs) traded on Exness’ platform reached $2.275 trillion. This is a 1%
increase from June’s $2.249 trillion.
So far, the July figure is also Exness’
second-best performance in this year.
In the past month, 343, 361 actively traded on
the platform. This is a 6% jump from the 323,216 active customers recorded in
June.
Exness had ended March with a record
$2.48 trillion in trading volume,
surpassing the $2 trillion mark for the time. In fact, it smashed the record almost a week
before the end of the
month.
The CFD broker had initially
broken the $1 trillion mark in
October 2021.
In an earlier
interview with Finance Magnates,
Artem Seledtsov, Exness’ Chief Business Development Officer, had attributed
the feat to painstaking focus on product development and liquidity.
Artemis also pointed to Exness’ “people-centric approach” and the company’s values which he said are founded on ethics,
integrity and “our science-driven approach”.
Surpassing March’s Volume
After first hitting the $2 trillion mark in
March with $2.48 trillion dollar, Exness has been struggling to surpass the
March volume.
In April, although still within the $2 trillion
mark, Exness witnessed a 15% dip in its trading volume. It recorded $2.11
trillion in the said month.
However, in April 2022, the drop in forex volume was not peculiar to Exness. While Saxo Bank’s forex trading volume slumped by 17%, Cboe FX Markets’ dropped by a
further 24%.
Nonetheless, in May, Exness’ client trading
volume further
declined by 4.7%
to $2.004 trillion from April’s figure.
Again, despite the correction, its volume was
above the $2 trillion mark.
However, things changed in June. The broker’s
trading volume spiked 12% MoM to $2.249 million.
It was the broker’s second-best month at the
time until the volume was surpassed by July’s trading volume record.
Four months after the record-shattering $2.48
trillion trading volume, Exness is yet to topple March’s trading volume.
However, it remains to be seen how the remainder of the
year will pan out for the Cyprus-headquartered Russian CFD broker.
Exness, a global multi-asset broker, has entered
its fifth consecutive month of generating more than $2 trillion in total trading
volumes.
In July, the total number of contracts for
difference (CFDs) traded on Exness’ platform reached $2.275 trillion. This is a 1%
increase from June’s $2.249 trillion.
So far, the July figure is also Exness’
second-best performance in this year.
In the past month, 343, 361 actively traded on
the platform. This is a 6% jump from the 323,216 active customers recorded in
June.
Exness had ended March with a record
$2.48 trillion in trading volume,
surpassing the $2 trillion mark for the time. In fact, it smashed the record almost a week
before the end of the
month.
The CFD broker had initially
broken the $1 trillion mark in
October 2021.
In an earlier
interview with Finance Magnates,
Artem Seledtsov, Exness’ Chief Business Development Officer, had attributed
the feat to painstaking focus on product development and liquidity.
Artemis also pointed to Exness’ “people-centric approach” and the company’s values which he said are founded on ethics,
integrity and “our science-driven approach”.
Surpassing March’s Volume
After first hitting the $2 trillion mark in
March with $2.48 trillion dollar, Exness has been struggling to surpass the
March volume.
In April, although still within the $2 trillion
mark, Exness witnessed a 15% dip in its trading volume. It recorded $2.11
trillion in the said month.
However, in April 2022, the drop in forex volume was not peculiar to Exness. While Saxo Bank’s forex trading volume slumped by 17%, Cboe FX Markets’ dropped by a
further 24%.
Nonetheless, in May, Exness’ client trading
volume further
declined by 4.7%
to $2.004 trillion from April’s figure.
Again, despite the correction, its volume was
above the $2 trillion mark.
However, things changed in June. The broker’s
trading volume spiked 12% MoM to $2.249 million.
It was the broker’s second-best month at the
time until the volume was surpassed by July’s trading volume record.
Four months after the record-shattering $2.48
trillion trading volume, Exness is yet to topple March’s trading volume.
However, it remains to be seen how the remainder of the
year will pan out for the Cyprus-headquartered Russian CFD broker.
