Capital.com, a global trading platform and fintech group, has disclosed total client trading volumes exceeding $1.2 trillion in 2023. This figure represents an increase of 53% compared to the previous year, marking the first instance where client trading volumes have surpassed the $1 trillion mark since the company's establishment in 2016.

Active Traders up by 17%

In the first quarter of 2024, total global trading volumes on the platform reached $337 billion, accompanied by a 17% increase in the number of active traders compared to the previous quarter. The bulk of trading volumes originated from clients in the Middle East, followed by Germany, Italy, and the Netherlands.

Ariel Segev, Group Chief Financial Officer, Capital.com, said: “We are extremely lucky to have our headquarters in a dynamic and thriving tech hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term such as Cyprus. With its conducive, business-friendly ecosystem, deep talent pool and facilitative legislation, Cyprus is the ideal jurisdiction for tech scale-ups such as ours to supercharge their growth strategies.”

Indices and Commodities Dominate in Trading

During the same period, indices and commodities emerged as the two most traded markets by volume on the platform. Index-related markets, notably the US Tech 100 (Nasdaq-100), US30, DE40, and the US500, accounted for over 79% of total volumes traded in the first quarter of 2024. Additionally, commodity markets witnessed substantial activity, representing 58% of total volumes traded, with a significant focus on gold and crude oil.

Daniela Hathorn, Senior Market Analyst, Capital.com, said: “The hype around semi-conductors was carried into Q1 2024 which helped boost tech stocks and the US Tech companies listed on the Nasdaq Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term. Traders also shifted their mentality in Q1 and started to welcome the resilience in the US economic data, moving away from the ‘good-data-is-bad’ rhetoric that dominated most of 2023. This allowed stocks to move to new highs even if it meant the Federal Reserve was less likely to start cutting rates."