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EXNESS VOLUMES CONSOLIDATE AROUND $3.3T FOR SECOND CONSECUTIVE MONTH
Source:https://financefeeds.com/exness-volumes-consolidate-around-3-3t-for-second-consecutive-month/ | Author:finance-102 | Date2023-07-10 | 248 Views | Share:
FX broker Exness reported a slight decrease in its trading volumes for the month of June 2023 as the market environment stabilised following a period of high volatility.

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.


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