Doo Prime, a pre-eminent online brokerage group with FinTech as its core, recently released its December 2023
trading volume report.
December Trading Volume Overview 2023
Total Trading Volume: USD 65.86 billion
Most Popular Products: XAU/USD, EUR/USD, GBP/USD
XAU/USD saw the highest trading volume at USD 44.70 billion
HSI_2312 saw the highest increase, an increase of USD 0.3 billion or 116.84%
According to the report, Doo Prime’s total trading volume in December 2023 is valued at USD 65.86 billion, a slight
decline of 6.03% from the previous month. Furthermore, December’s average daily volume (ADV) is USD 2.12 billion,
a slight drop of 9.06% from November.
The stronger than expected US non-farm payroll data, and the slowdown of the employment market in December have
led the market to cast doubts on the Federal Reserve’s (Fed) move to cut interest rates in March; instead, it estimates
that the Fed will reduce the rates in May 2024. The market was in a “wait-and-see” state in December.
As the year-end draws closer, investors have slowed down their trading activities in December and have taken a conservative
approach in their investment strategy, to cater for more room for investment in the new year. Hence, the trading volume in
December has declined.
Since the beginning of 2023, Doo Prime’s overall trading volume has been on a stable upward trend. Year to date, Doo Prime’s
total trading volume is valued at USD 919.40 billion, an increase of 38.74% as compared to the same period last year.
According to the recorded date, XAU/USD, EUR/USD, and GBP/USD were the investors’ top picks, contributing 82.7% of December’s
total trading volume. Among them, XAU/USD has the highest monthly trading volume at USD 44.70 billion; meanwhile, EUR/USD
and GBP/USD have a total monthly trading volume of USD 9.75 billion.
Besides, HSI_2312 has the largest growth in the monthly trading volume, an increase of USD 0.3 billion or 116.84% as compared
to November.
As an internationally leading online brokerage group, Doo Prime continues to show a strong momentum in the trading volume. In
the future, Doo Prime will continue to strive to lead the FinTech transformation in this new era and ensure the clients are at the
forefront of the industry.