Exness’ traders transacted a total of $3.31 trillion, which is lower on a monthly basis by 1.2 percent from $3.35
trillion in May 2023. The figure was however higher by 47 percent from year-ago levels when weighed against
$2.24 trillion in June 2022.
The consolidation of trading volumes is rather usual given a downtick in volatility and market drivers.
By comparison, May 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 531,511 mark for the first time in
the group’s 15-year history. This was up 3.2 percent from 515,099 in the month earlier. On a year-over-year basis,
the number of active clients showed a remarkable 64 percent increase compared to June 2022’s 323,216 active
clients.
Activity on Exness’ trading platform has been consolidating as the bull run in the second 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.
Exness acquired its regulated UK license, an IFPRU €730K firm, back in 2016 to operate a CFDs brokerage business.
The broker launched a mainly retail offering, which focused on CFDs in Forex and commodities. In light of an internal
business decision to restructure its business and focus on other markets to grow their B2B operations, Exness decided
in 2019 to close the retail business in the EU/EEA region, including in the UK.