Doo Prime, a pre-eminent online broker group with financial technology at its core, recently
released its July 2023 trading volume report.
July Trading Volume Overview 2023
Total trading volume: USD91.99 billion
Most popular products: XAU/USD, EUR/USD, GBP/USD
XAU/USD saw the highest trading volume at USD61.73 billion
XAU/USD saw the highest increase, up USD12.38 billion or 25.09%
According to the report, Doo Prime’s total trading volume in July 2023 sits at USD91.99 billion, a slight
increase of 17.68% from the previous month. On top of that, the average daily volume (ADV) in July
was USD2.97 billion, an increase of approximately 13.88% from June.
In July, business activity in the United States and the European region both slowed down and contracted
more than the market expected, exacerbating fears of a global recession. In this case, risk aversion has
led investors to buy gold to avoid risk. XAU/USD was not only the most traded product in July, but also the
product with the largest increase in trading volume. Since the beginning of 2023, Doo Prime has shown a
stable trend overall. To date, Doo Prime’s total trading volume reached USD544.38 billion, an increase of
approximately 44.3% compared to the same period last year.
According to the data, XAU/USD, EUR/USD, GBP/USD were the top choices for traders during the month,
accounting for 82.71%. Among them, XAU/USD recorded the highest monthly trading volume of about
USD61.73 billion, while EUR/USD and GBP/USD had a total monthly trading volume of about USD14.36
billion.
In addition, XAU/USD saw the highest trading volume growth, an increase of USD12.38 billion or 25.09%
compared to June.
As an industry-leading online broker, Doo Prime has been showing strong momentum in terms of trading
volume. Doo Prime aspires to continuously build a global financial technology system and a comprehensive
financial ecosystem. Doo Prime will strive for excellence through its journey of leading the new fintech era,
keeping its clients at the forefront in the industry.