As November’s volumes from OTC trading firms begin to emerge, it is becoming clear that the rapid upsurge in trading activity experienced during two previous months has not been sustained, with EXNESS having reported an 18.9% decrement in monthly trading volumes in November to $163.7 billion compared with a record-setting $198.8 billion in October.
October’s fortunes were even higher than the $192.4 billion achieved by EXNESS in September, the first month since the company’s establishment that total volume figures for a month had exceeded $190 billion.
EXNESS has shown its prowess relatively consistently since establishment, with volumes increasing substantially year on year as business increases, with the company having made a successful entry into the highly lucrative Chinese market, therefore when viewing the firm’s figures on a year on year basis, there is a marked difference between the figures that the firm achieves in recent times compared to 2013 and 2012.
The reporting of the company’s volume figures is important to EXNESS, who recently enlisted the services of professional services consultancy Deloitte to audit monthly volume figures.