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EXNESS VOLUMES STABILIZE AROUND $4.5T AS 30K NEW TRADERS JOIN
Source:https://financefeeds.com/exness-volumes-stabilize-around-4-5t-as-30k-new-traders-join/ | Author:finance-102 | Date2023-10-10 | 171 Views | Share:
FX broker Exness reported a slight decrease in its trading volumes for the month of September 2023 as the market environment stabilised following a period of high volatility.

FX broker Exness reported a slight decrease in its trading volumes for the month of September 2023 as the market 

environment stabilised following a period of high volatility.


Exness’ traders transacted a total of $4.43 trillion, which is lower on a monthly basis by two percent from a record 

of $4.52 trillion in August 2023. The figure was however higher by 62 percent from year-ago levels when weighed 

against $2.74 trillion in September 2022.


The consolidation of trading volumes is rather usual given a downtick in volatility and market drivers. By comparison, 

August featured more activity, as investors traded frantically in response to the recent developments about the Russia

-Ukraine war, central banks’ policy and subsiding inflation, among other headlines.


Overall, both retail and institutional venues all reported lackluster metrics for the month, which makes Exness’ static 

reading a positive.


The number of active clients has also been off the charts, having crossed the 653,593 mark for the first time in the 

group’s 15-year history. This was up 4.5 percent from 625,626 in the month earlier. On a year-over-year basis, the 

number of active clients showed a remarkable 77 percent increase compared to September 2022’s 368,151 active 

clients.


Activity on Exness’ trading platform has been consolidating as the bull run in the third quarter created a profitable 

opportunity for industry players, from major venues to an array of retail-focused FX brokerages.


Exness’ average trading volume in 2023 was above the $3 trillion mark so far due to frenzied buying and selling activities. 

The uptick in volumes also comes as Exness, which is authorised by the FCA as an IFPRU €730K firm, continues to 

restructure its business.


Earlier in September, the Cyprus-based brokerage arm of Exness has been named the Best Global Multi-asset Broker of 

2023 at the Forex Expo Dubai. This award highlights Exness’s position as a leading player in the global financial landscape.


Stepping up as the Titanium Sponsor for this year’s event, Exness orchestrated two exclusive sessions to offer attendees a 

profound understanding of the prevailing financial market trends. Damian Bunce, Exness Chief Customer Officer, spearheaded 

a session, stating, “Liquidity Fragmentation and the Impact of Transparency,” while Wael Makarem, Exness Financial Markets 

Strategists Lead, helmed the “Level Up Your Trading with Automated Systems” seminar.


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