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EXNESS TRADING VOLUMES SLOW DOWN IN NOVEMBER, DIP BELOW $4B MARK
Source:https://financefeeds.com/exness-trading-volumes-slow-down-in-november-dip-below-4b-mark/ | Author:finance-102 | Date2023-12-11 | 148 Views | Share:
FX brokerage powerhouse Exness reported a double-digit decrease in its trading volumes for the month of November 2023 as the market environment stabilised following a period of high volatility.

Exness had its busiest October ever. The multi-regulated platform set a new record with a whopping $4.8 trillion

 in trading activity, which was 8 percent more than the $4.4 trillion they had in September.


In November, Exness’ traders transacted a total of $3.93 trillion, which is lower by 19 percent on a monthly basis. 

The figure was however higher by 62 percent from year-ago levels when weighed against $2.4 trillion in November 

2022.


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

October featured more activity, as investors traded frantically in response to the conflict between Israel and Hamas-

led Palestinian militant groups, 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’ weaker 

turnover hardly surprising.


The number of active clients took a slight step back, coming in at 688,245 as of November 2023. This was down from 

a record of 694,006 in the month earlier. On a year-over-year basis, the number of active clients showed a remarkable 

79 percent increase compared to November 2022’s 383,846 active clients.


Exness’ average trading volume throughout the second half of 2023 was above the $4 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 this year, 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, spear-

headed 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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