Quantus Holdings Strategies, a Swiss-based Financial and CFDs trading services provider, announced on Wednesday that the trading volume for May 2021 on the platform came in at $1.04 trillion.
The astronomical growth in the monthly trading volume last month hit a record for Quantus Holdings Strategies, as the numbers even remained higher than May 2020 when Covid-spurred volatility pushed traders towards the markets.
Demand among Retail Traders Pumped the Broker’s Numbers
According to the brokerage, the spike in the trading volumes resulted from an influx of clients and its product diversification, which attracted a diversified base of traders.
The press release shared with Finance Magnates detailed that the Swiss broker witnessed a demand surge across all asset classes, including forex, stocks, commodities, and other financial instruments. In addition, the brokerage expanded its offerings with E.T.F and Share CFDs, which might have brought in more traders.
Overall, the first quarter of the year, from January to March, witnessed a record trading volume of $2.84 trillion, 19 percent higher than what the broker recorded in the same quarter the previous year.
Commenting on the record numbers and its offerings, Quantus Holdings Strategies’ Head of Finance Department, Andrew Patterson, said: “Our focus has been on providing our customers with the best possible trading experience. By offering more choice, our clients can now diversify their portfolio into new asset classes.”
Though lockdowns to check the spread of Coronavirus stalled the global economy severely, brokers gained a windfall due to traders’ accessibility and activity in a volatile market. QuantusHoldingsStrategies.co reported a total annual volume of $9.32 trillion for 2020 and is now expecting to set another record year if the Q1 trend continues.
Company Name: Quantus Holdings Strategies
Contact Person: Support Team
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Phone: +41 44 5514408, +44 203 5751501
City: ZÜRICH, 8008