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Few companies in the retail FX sector have gained ground as rapidly as EXNESS, whose monthly volume figures have quite simply rocketed during the course of the last two years.
On release of its trading volumes for October 2014, it is clear to see that EXNESS has benefited tremendously from the increase in volatility and trading activity that has manifested itself over the last two months, resulting in a total volume for the month of $198.7 billion, which, by a considerable margin, is a record for the company since its establishment.
EXNESS reported a previous all time high of $191 billion in September this year, however October proved even more productive.
The lucrative Chinese market is of great importance to EXNESS, with the company generating a large percentage of its revenue from traders in South East Asia, which is bearing fruit. By the end of the first quarter of this year, over $351.1 billion of the company’s volumes for that period, representing 48.3% of the entire volumes, were attributable to Chinese traders.
South East Asian traders outside China accounted for 37.9% with a trading volume of $275.6, with Europe only making up 5.6% of the company’s volume at $40.8 billion.
Bearing in mind that the firm at that time was generating less revenue per month than it is today, these figures for the last quarter of 2014 are likely to be considerably higher.
More remarkably, the company is sustaining high volume figures despite a flat period in terms of volatility which existed between October 2013 and September this year, weathering the storm very well indeed. In 2012, the company rarely exceeded $70 billion per month, with the last quarter of the year running into the low $80 billion range.
To double the monthly volume figures within less than two years, and sustain such activity, is a commendable feat indeed.
For full historic data regarding EXNESS volumes, click here.