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January 11, 2023 - Your Bourse, an advanced trade execution technology provider, has reported a record-breaking monthly trading volume of $1.08 trillion in December 2023. This milestone underscores a period of substantial growth for the company, marked by an increase in both client numbers and their trading volumes on the Your Bourse platform.
The company's rapid growth trajectory throughout 2023 was fueled by its comprehensive offerings, which include a high-performance Matching Engine, Bridge Solutions, liquidity aggregation, and a FIX server for liquidity distribution. These technologies contributed to the exceptional trading volume results witnessed.
In December, the average daily trading volume (ADV) on the Your Bourse platform reached $35 billion. The peak trading volume for a single day was recorded on December 29th, with an impressive turnover of $165 billion.
The five most traded instruments on the platform were XAUUSD, EURUSD, US30, NAS100, and GBPUSD.
Notably, trading in Gold (XAUUSD) accounted for 23 percent of the total monthly volume, translating to $250 billion and highlighting the peak activity for this instrument in 2023. The EURUSD pair followed with a 15% contribution to the total volume, equating to $163 billion. The US30 index, representing the DJ30 derivative contract, captured a 6% share, amounting to $65 billion of the monthly volume.
The Your Bourse Matching Engine, the company’s flagship solution, delivers order execution with ultra-low latency, boasting two microseconds order processing time and the capability to handle 500,000 orders per second on a single CPU. The asset class agnostic nature of the Matching Engine offers versatility across various trading instruments and provides trading institutions with unmatched reliability and security. December also saw a 7% increase in Matching Engine installations, further solidifying the platform's position in the market.
Brokers utilising the Your Bourse platform gain access to a broad spectrum of over 100 liquidity providers, which enhances their performance and profitability.
See our recent article reviewing Your Bourse's services here.
