Doo Group
reported its lowest monthly trading volume since June 2024, with January
figures reaching $107.01 billion, as seasonal factors and market adjustments
impacted trading activity, including Donald Trump’s return to the White
House.
Doo Group’s January
Trading Volumes Hit Seven-Month Low
The
financial technology services provider saw volumes decline 3.65% from December,
settling at levels not seen since June 2024’s $105.6 billion. Despite the
monthly dip, year-over-year comparisons showed a 29.77% increase, marking the
best January in history.
Average
daily volume (ADV) in the previous month decreased to $3.45 billion, reflecting
broader market conditions and traditional seasonal patterns. January typically sees
reduced trading activity due to holiday periods.
“Due to the
festivities in January, some of the investors have also decreased their trade,
contributing to the decline in the trading volume,” commented Doo Group. “Despite
that, Doo Group has showcased our resilience, with just a slight decrease as
compared to last month.”
The
company’s trading metrics also indicate a shift in investor preferences, with
gold emerging as a notable exception to the general slowdown.
XAU/USD
trading pairs demonstrated particular resilience, posting an 11.99% increase in
volume and ranking as the most actively traded instrument. Other popular
trading products included EUR/USD, Nasdaq 100, GBP/USD, Dow Jones and USD/JPY.
New Limassol Office
Doo Group,
which secured a Cyprus license in late 2023, has expanded its presence by
opening a new office in Limassol, a key financial center in the Mediterranean.
The company recently announced that this new location is its largest office in
Europe.
This
appears to be Doo Group’s second office in Cyprus, as the listed address
differs from the one registered with the Cyprus Securities and Exchange
Commission (CySEC ). The broker also noted that approximately 80 employees are
working from the new space.
Doo Group
received its Cyprus Investment Firm (CIF) license in September 2023, according
to regulatory records, though the company publicly disclosed it in November.
The license allows the firm to offer derivative products, including contracts
for difference (CFDs), across European markets.
Doo Group
reported its lowest monthly trading volume since June 2024, with January
figures reaching $107.01 billion, as seasonal factors and market adjustments
impacted trading activity, including Donald Trump’s return to the White
House.
Doo Group’s January
Trading Volumes Hit Seven-Month Low
The
financial technology services provider saw volumes decline 3.65% from December,
settling at levels not seen since June 2024’s $105.6 billion. Despite the
monthly dip, year-over-year comparisons showed a 29.77% increase, marking the
best January in history.
Average
daily volume (ADV) in the previous month decreased to $3.45 billion, reflecting
broader market conditions and traditional seasonal patterns. January typically sees
reduced trading activity due to holiday periods.
“Due to the
festivities in January, some of the investors have also decreased their trade,
contributing to the decline in the trading volume,” commented Doo Group. “Despite
that, Doo Group has showcased our resilience, with just a slight decrease as
compared to last month.”
The
company’s trading metrics also indicate a shift in investor preferences, with
gold emerging as a notable exception to the general slowdown.
XAU/USD
trading pairs demonstrated particular resilience, posting an 11.99% increase in
volume and ranking as the most actively traded instrument. Other popular
trading products included EUR/USD, Nasdaq 100, GBP/USD, Dow Jones and USD/JPY.
New Limassol Office
Doo Group,
which secured a Cyprus license in late 2023, has expanded its presence by
opening a new office in Limassol, a key financial center in the Mediterranean.
The company recently announced that this new location is its largest office in
Europe.
This
appears to be Doo Group’s second office in Cyprus, as the listed address
differs from the one registered with the Cyprus Securities and Exchange
Commission (CySEC ). The broker also noted that approximately 80 employees are
working from the new space.
Doo Group
received its Cyprus Investment Firm (CIF) license in September 2023, according
to regulatory records, though the company publicly disclosed it in November.
The license allows the firm to offer derivative products, including contracts
for difference (CFDs), across European markets.
This post is originally published on FINANCEMAGNATES.
