Retail brokerage group ATFX hit the fourth spot in global trading volume rankings for the second quarter of this year, according to a report by media outlet Finance Magnates.
The stats show that total volumes for the period hit $765.1bn. This was a 22.5% increase on the first quarter of this year and a 43.8% year on year increase relative to Q2 of 2023.
These results mean that ATFX had the fourth-largest trading volumes globally across MetaTrader 4 and 5 in the second quarter of this year.
ATFX said in a statement that the growth reflected its continual strong performance in existing markets but also its push to expand globally. The brokerage group has made several key appointments and acquired new licenses in key markets, including Australia, South Africa, and Hong Kong, in the last 12 months.
Looking at the indiviual asset classes, trading in precious metals increased by almost 80% compared to Q2 of 2023 and was up 26.2% quarter on quarter. This likely reflects a huge demand for gold trading but these are remarkable figures, even taking that tailwind into account.
Indices trading was up close to 100% quarter-on-quarter and was 14.6% higher than in the equivalent period in 2023. Stocks saw the largest growth, with a massive 457.8% increase compared to the first quarter and a 167.9% increase on Q2 of 2023. Energy trading was also up 23.0% quarter on quarter.
