The number of active monthly users of the commission-free trading app Robinhood grew steadily since 2014, even though the app did not officially launch until mid-2015. The number of users grew from ************** in 2014 up to **** million, reaching a peak in 2021. While the number of active monthly users now rests at under ** million, the average revenue per user (ARPU) has increased. The app’s net revenue did also grow steadily since its official launch, reaching *** million U.S. dollars as of 2023. Robinhood and the GameStop story Robinhood was a key player in the GameStop story in January 2021, when they restricted the trading of GameStop stocks for a few days. The platform with its commission-free trading is known to be “for the young and poor," and their trading halt caused a lot of anger among its users, who called it market manipulation and claimed the company was helping the hedge funds. Did the GameStop story affect the number of downloads? The number of downloads of the Robinhood app increased markedly in April 2021. The number of downloads grew by almost **** times compared to the previous month, reaching around **** million downloads from the Google Play Store and Apple App Store in April 2021. This increase shows that the app had a central role for the GameStop stocks, where young investors saw an opportunity to make money with commission-free trades.

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Foreign Exchange Market Size 2025-2029

The foreign exchange market size is valued to increase by USD 582 billion, at a CAGR of 10.6% from 2024 to 2029. Growing urbanization and digitalization will drive the foreign exchange market.

Major Market Trends & Insights

Europe dominated the market and accounted for a 47% growth during the forecast period.
By Type - Reporting dealers segment was valued at USD 278.60 billion in 2023
By Trade Finance Instruments - Currency swaps segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 118.14 billion
Market Future Opportunities: USD 582.00 billion
CAGR from 2024 to 2029 : 10.6%

Market Summary

The market, a dynamic and intricate web of financial transactions, plays a pivotal role in facilitating global trade and economic interactions. Its primary function is to enable the conversion of one currency into another, thereby mitigating the risk of currency fluctuations for businesses and investors. Key drivers of this market include growing urbanization and digitalization, which have expanded trading opportunities to a 24x7 global economy. However, the uncertainty of future exchange rates poses a significant challenge, necessitating effective risk management strategies. The market's evolution reflects the increasing interconnectedness of the global economy. Transactions occur in a decentralized, over-the-counter system, with major trading centers in London, New York, and Tokyo.
Participants include commercial banks, investment banks, hedge funds, and individual investors, all seeking to capitalize on price differences between currencies. Trends shaping the market include the increasing use of automation and artificial intelligence to analyze market data and execute trades. Regulatory changes, such as the introduction of stricter capital requirements, also impact the market's functioning. Looking ahead, the market is expected to remain a vital component of the global financial landscape, with continued growth driven by increased trade and economic interdependence. However, challenges, such as regulatory changes and geopolitical risks, will necessitate adaptability and innovation from market participants.

What will be the Size of the Foreign Exchange Market during the forecast period?

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How is the Foreign Exchange Market Segmented ?

The foreign exchange industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Reporting dealers
  Financial institutions
  Non-financial customers


Trade Finance Instruments

  Currency swaps
  Outright forward and FX swaps
  FX options


Trading Platforms

  Electronic Trading
  Over-the-Counter (OTC)
  Mobile Trading


Geography

  North America

    US
    Canada


  Europe

    Germany
    Switzerland
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The reporting dealers segment is estimated to witness significant growth during the forecast period.

The market, a dynamic and ever-evolving financial landscape, is characterized by constant activity and intricate patterns. Participants engage in various trading strategies, employing advanced tools such as stop-loss and take-profit orders on forex trading platforms. Real-time data feeds and order book dynamics facilitate trade execution speed, while market microstructure and slippage minimization techniques ensure efficient transactions. Currency correlation analysis and transaction cost analysis are integral to informed decision-making, with backtesting methodologies providing valuable insights. Currency forwards contracts, position sizing techniques, and forex derivatives pricing are essential components of risk management systems. Carry trade strategies, hedging strategies, and interest rate parity are popular tactics employed by market participants.

Algorithmic trading strategies, driven by options pricing models and trading algorithms' efficiency, significantly influence price discovery mechanisms. High-frequency trading and volatility modeling contribute to the market's liquidity risk management, while foreign exchange swaps and currency option valuation help manage risk. The market's complexities necessitate sophisticated risk management systems and intricate order routing optimization. Global payments systems facilitate the smooth transfer of funds, and liquidity risk management remains a critical concern for market participants. According to recent studies, The market is estimated to account for approximately USD6 trillion in daily trading volume, und

Download Historical Nickel 90 day forward (Trade Only) Cash Data. CQG daily, 1 minute, tick, and level 1 data from 1899.

China Retail Investor Sentiment Analytics provides sentiment analytics of Chinese retail investors based on 2 stock forums, Guba (GACRIS dataset) and Xueqiu (XACRIS dataset), the most popular stock forums in China from 2007.

By utilizing in-house NLP models which are dedicatedly optimized for Chinese stock forum posts and trained on a proprietary manually labeled and cross-checked training data, the dataset provides accurate text analytics of post content, including but not limited to quality, sentiment, and relevant stocks with relevance score. In addition to the aggregated statistics of stock sentiment and popularity, the dataset also provides rich and fine-grained information for each user/post in record level. For example, it reports the registration time, number of followers for each user, and also the replies/readings and province being published for each post. Moreover, these meta data are processed in point-in-Time (PIT) manner since 2019.

The dataset could help clients easily capture the sentiment and popularity among millions of Chinese retail investors. On the other hand, it also offers flexibility for clients to customize novel analytics, such as studying the sentiment (conformity/divergence) of users of different level of influence or posts of different hotness, or simply filtering the posts published by users which are too active/positive/negative in a time window when aggregating the statistics.

Coverage: All A-share and Hong Kong stocks, 300+ popular US stocks Update Frequency: Daily or intra-day

The net revenue of the online trading platform Robinhood experienced a peak of *** million U.S. dollars in the second quarter of 2021. Following this, revenues have remained relatively stable, resting at *** million U.S. dollars in the final quarter of 2023. Robinhood came under the spotlight in January 2021, in connection with the GameStop story, when they implemented a trade halt on GameStop stocks for a few days, which benefitted the hedge funds who were still able to trade, and upset their users.

Download Historical Zinc 90 day forward (Trade Only) Cash Data. CQG daily, 1 minute, tick, and level 1 data from 1899.

In 2025, ** percent of adults in the United States invested in the stock market. This figure has remained steady over the last few years and is still below the levels before the Great Recession, when it peaked in 2007 at ** percent. What is the stock market? The stock market can be defined as a group of stock exchanges where investors can buy shares in a publicly traded company. In more recent years, it is estimated an increasing number of Americans are using neobrokers, making stock trading more accessible to investors. Other investments A significant number of people think stocks and bonds are the safest investments, while others point to real estate, gold, bonds, or a savings account. Since witnessing the significant one-day losses in the stock market during the financial crisis, many investors were turning towards these alternatives in hopes for more stability, particularly for investments with longer maturities. This could explain the decrease in this statistic since 2007. Nevertheless, some speculators enjoy chasing the short-run fluctuations, and others see value in choosing particular stocks.

As of August 2025, the Vanguard Information Technology Index Fund provided the ******* one-year return rate. The Vanguard S&P 500 Growth Index Fund ranked ****** having a one-year return rate of *****percent. As of August 2025, the Vanguard Total Stock Market Index Fund was the largest fund owned by Vanguard, with net assets under management worth approximately **** trillion U.S. dollars. What is the difference between mutual funds and exchange traded funds? Both mutual funds and exchange traded funds (ETFs) originate from the concept of pooled fund investing, which bundles securities together to offer investors a more diversified portfolio. However, mutual funds and ETFs have some key differences. For instance, ETFs offer more flexible trading as they trade during the day like stocks, while mutual funds only allow transactions at the end of the day. Moreover, ETFs are mostly passively-managed and mirror a designated index. On the other hand, mutual funds are typically actively-managed, as it can be seen by comparing the number of actively and passively-managed mutual funds in the United States. Vanguard Founded by John C. Bogle in 1975, Vanguard is a U.S. asset management company that offers both mutual funds and ETFs. Headquartered in Malvern, Pennsylvania, Vanguard was the ****** largest provider of ETFs in the United States after BlackRock Financial Management, with assets under management worth *** trillion U.S. dollars. Likewise, in 2025, Vanguard ranked among the largest providers of mutual funds worldwide. The total assets under management of Vanguard increased considerably since its foundation in 1975, and peaked at *****trillion U.S. dollars in April 2025.

Denmark Share Trading: CSE: Investment Funds: Average Daily Turnover: Number of Trades data was reported at 2,859.739 Unit in Oct 2018. This records an increase from the previous number of 2,565.850 Unit for Sep 2018. Denmark Share Trading: CSE: Investment Funds: Average Daily Turnover: Number of Trades data is updated monthly, averaging 4,383.818 Unit from Jun 2005 (Median) to Oct 2018, with 161 observations. The data reached an all-time high of 8,987.737 Unit in Jun 2014 and a record low of 1,301.800 Unit in Feb 2009. Denmark Share Trading: CSE: Investment Funds: Average Daily Turnover: Number of Trades data remains active status in CEIC and is reported by Copenhagen Stock Exchange. The data is categorized under Global Database’s Denmark – Table DK.Z003: Copenhagen Stock Exchange: Share Trading.

Global foreign exchange (net - gross), for total (all instruments), total (all currencies), total (all currencies), total (all maturities), hedge funds and proprietary trading firms, South Africa, All countries (total), total (all ratings), total (all sectors), total (all methods), turnover - notional amounts (daily average)

Download Historical TOPIX Index (Day) Futures Data. CQG daily, 1 minute, tick, and level 1 data from 1899.

Financial Data Feeds Market Outlook

According to our latest research, the global financial data feeds market size reached USD 8.3 billion in 2024, reflecting the growing reliance on real-time and high-quality data across financial institutions. The market is projected to expand at a robust CAGR of 9.1% from 2025 to 2033, reaching a forecasted value of USD 18.1 billion by 2033. This growth is primarily driven by the increasing digitization of financial services, the need for advanced analytics in trading and risk management, and the rapid adoption of cloud-based data solutions across the BFSI and FinTech sectors.

One of the most significant growth factors for the financial data feeds market is the escalating demand for real-time market data among trading institutions and asset managers. As financial markets become more volatile and complex, the need for accurate, low-latency data feeds has intensified. Algorithmic and high-frequency trading strategies rely heavily on the swift delivery of financial data to capitalize on market movements within fractions of a second. This trend is further reinforced by the proliferation of electronic trading platforms and the integration of artificial intelligence and machine learning algorithms, all of which require robust data feeds to function effectively. As a result, vendors are investing in advanced infrastructure and data delivery technologies to ensure seamless, uninterrupted access to critical financial information.

Another key driver fueling market expansion is the rising regulatory scrutiny and compliance requirements across global financial markets. Regulatory bodies such as the SEC, ESMA, and other regional authorities have imposed stringent reporting and transparency obligations on financial institutions. This has led to a surge in demand for comprehensive reference and historical data feeds to support compliance, audit, and risk management functions. Financial organizations are increasingly leveraging data feeds that offer not only real-time market data but also end-of-day and reference data to ensure accurate reporting and regulatory adherence. The need for robust data governance and traceability further accelerates the adoption of advanced data feed solutions, particularly among large banks, asset managers, and hedge funds.

The rapid digital transformation within the financial services industry is also propelling the growth of the financial data feeds market. The emergence of FinTech companies, digital banks, and innovative investment platforms has created a fertile ground for data-driven decision-making. Cloud-based deployment models are gaining traction due to their scalability, cost-effectiveness, and ease of integration with existing systems. These solutions enable organizations of all sizes, from established banks to nimble FinTech startups, to access high-quality financial data without significant upfront investments in infrastructure. Additionally, the growing popularity of portfolio management and risk analytics tools further boosts the demand for diverse and customizable data feeds, supporting a wide range of financial applications and end-users.

From a regional perspective, North America continues to dominate the financial data feeds market, accounting for the largest share in 2024, driven by the presence of major financial hubs, advanced technological infrastructure, and a high concentration of market participants. Europe follows closely, fueled by regulatory initiatives and the adoption of MiFID II standards. Meanwhile, the Asia Pacific region is witnessing the fastest growth, supported by the rapid expansion of digital financial services, increasing investments in capital markets, and the emergence of new trading platforms in countries like China, India, and Singapore. Latin America and the Middle East & Africa are also experiencing steady growth, albeit from a smaller base, as financial markets in these regions undergo modernization and digitalization.

Data Type Analysis

The financial data feeds market is segmented by data type into real-time data feeds, end-of-day data feeds, historical data feeds, reference data feeds, and others. Real-time data feeds represent the largest and fastest-growing segment, driven by the increasing adoption of electronic and algorithmic trading strategies that require instant access to market movements. These feeds deliver streaming data on asset prices, market depth, and transaction volumes, enabling traders and asset managers to make split-second decisions

TCA for FX Market Outlook

According to our latest research, the TCA for FX market size reached USD 730 million globally in 2024, with a robust compound annual growth rate (CAGR) of 8.2% projected through 2033. By leveraging this CAGR, the market is expected to reach a value of approximately USD 1.45 billion by 2033. The primary growth factor fueling this market is the increasing demand for transparency, regulatory compliance, and cost efficiency in foreign exchange trading environments, prompting financial institutions to adopt advanced TCA (Transaction Cost Analysis) solutions for FX markets.

The growth trajectory of the TCA for FX market is primarily driven by the global shift towards automated and data-driven trading environments. As forex trading volumes continue to surge, financial institutions are under growing pressure to reduce trading costs and optimize execution quality. TCA solutions allow market participants to analyze and benchmark transaction costs in real-time, providing actionable insights to enhance trading strategies. The proliferation of electronic trading platforms has further accelerated the adoption of TCA tools, as firms seek to leverage advanced analytics and machine learning to gain a competitive edge. The integration of TCA solutions with existing trading infrastructure is becoming increasingly seamless, fostering greater market penetration across both buy-side and sell-side institutions.

Another significant growth factor is the evolving regulatory landscape governing the global FX market. Regulatory authorities across major financial hubs have intensified their focus on best execution, transparency, and accountability, compelling market participants to adopt robust TCA frameworks. Regulations such as MiFID II in Europe and the FX Global Code have mandated comprehensive reporting and monitoring of trading activities, driving the demand for TCA solutions that can address compliance requirements efficiently. Financial institutions are recognizing the strategic value of TCA not only as a compliance tool but also as a means to enhance operational efficiency and mitigate risks associated with FX trading.

Technological advancements are also playing a pivotal role in propelling the TCA for FX market forward. The emergence of cloud-based deployment models, artificial intelligence, and big data analytics has transformed the capabilities of TCA solutions, enabling real-time analysis and scalable deployment across global trading desks. These innovations are making TCA tools more accessible to a wider range of market participants, including smaller banks, asset managers, and hedge funds, who are seeking to level the playing field with larger, more technologically advanced competitors. The ability to process vast volumes of trade data and generate granular insights is positioning TCA as an indispensable component of modern FX trading strategies.

As the financial markets continue to evolve, the importance of T+1 Settlement Readiness Solutions is becoming increasingly evident. These solutions are designed to streamline the post-trade process, ensuring that transactions are settled within a day after the trade date. This shift towards T+1 settlement is driven by the need for greater efficiency, reduced counterparty risk, and improved liquidity in the financial markets. By adopting T+1 Settlement Readiness Solutions, financial institutions can enhance their operational efficiency, minimize settlement failures, and align with global regulatory standards. The integration of these solutions with existing trading and settlement systems is crucial for achieving seamless and timely settlement, ultimately contributing to a more resilient and robust financial ecosystem.

From a regional perspective, North America currently leads the global TCA for FX market, accounting for the largest revenue share in 2024. This dominance is attributed to the presence of major financial institutions, advanced trading infrastructure, and a proactive regulatory environment. However, the Asia Pacific region is witnessing the fastest growth, driven by the rapid expansion of electronic trading, increasing cross-border capital flows, and growing awareness of the benefits of TCA solutions among regional banks and asset managers. Europe remains a key market, u

Global foreign exchange (net - net), for options, total (all currencies), total (all currencies), total (all maturities), hedge funds and proprietary trading firms, All countries (total), All countries (total), total (all ratings), total (all sectors), total (all methods), turnover - notional amounts (daily average)

Global foreign exchange (net - gross), for total (all instruments), total (all currencies), total (all currencies), total (all maturities), hedge funds and proprietary trading firms, Australia, All countries (total), total (all ratings), total (all sectors), total (all methods), turnover - notional amounts (daily average)

Global foreign exchange (net - gross), for total (all instruments), total (all currencies), total (all currencies), total (all maturities), hedge funds and proprietary trading firms, Denmark, All countries (total), total (all ratings), total (all sectors), total (all methods), turnover - notional amounts (daily average)

Download Historical Aluminium 90 day forward (Trade Only) Cash Data. CQG daily, 1 minute, tick, and level 1 data from 1899.