PrimeXM’s Monthly Volume Goes above $1 Trillion for the Third Time in a Row

Friday, 03/09/2021 | 22:57 GMT by Felipe Erazo
  • The Gold vs. US dollar (XAU/USD) exchange pair remained the most popular trading instrument for August.
PrimeXM’s Monthly Volume Goes above $1 Trillion for the Third Time in a Row
PrimeXM

PrimeXM, an FX trading industry technology provider, released on Friday its trading volume report for August 2021, noting that its monthly volume surpassed $1 trillion for a third consecutive month. According to the press release, it represented a 23% increase on a yearly basis in trading activities, compared to the last year’s figure of $868.08 billion.

Also, the metrics showed that the average daily volume (ADV) for August hit $48.42 billion, whose crowded day in terms of volume for the period was August 4, with around $61.98 billion in turnovers. “The total number of trades in August was 27.15 million, which is an over 12% YoY improvement comparing to last year’s 24.25 million trades,” the report noted.

The above figures correspond to all the data gathered from PrimeXM’s four major Data Center locations. One of them, LD4, hit $828.25 billion in national trading volume for the period, which was 4% above July’s record, PrimeXM commented. Furthermore, over $119.26 billion passed through the NY4 data center of the FX trading technology provider, followed by the TY3 data center, which processed $117.82 billion.

FX Turnover for August

About the Forex market’s turnovers, PrimeXM noted: “XAUUSD undoubtedly remained as the most popular trading instrument, with $292 billion in notional value traded in August. EURUSD kept 2nd place with $142.2 billion and index US100 has replaced GBPUSD being the 3rd most traded instrument with $114.4 billion.”

For July, Prime XM recorded a trading volume of above $1 trillion, as noted before. The average daily volume (ADV) for the period throughout the FX technology provider came in at $47.26 billion, which echoed the yearly growth, but dropped marginally by 0.12 percent month-over-month. Additionally, the official announcement outlined that the highest trading volume on the period was recorded on July 8, when $66.68 billion worth of instruments were traded.

PrimeXM, an FX trading industry technology provider, released on Friday its trading volume report for August 2021, noting that its monthly volume surpassed $1 trillion for a third consecutive month. According to the press release, it represented a 23% increase on a yearly basis in trading activities, compared to the last year’s figure of $868.08 billion.

Also, the metrics showed that the average daily volume (ADV) for August hit $48.42 billion, whose crowded day in terms of volume for the period was August 4, with around $61.98 billion in turnovers. “The total number of trades in August was 27.15 million, which is an over 12% YoY improvement comparing to last year’s 24.25 million trades,” the report noted.

The above figures correspond to all the data gathered from PrimeXM’s four major Data Center locations. One of them, LD4, hit $828.25 billion in national trading volume for the period, which was 4% above July’s record, PrimeXM commented. Furthermore, over $119.26 billion passed through the NY4 data center of the FX trading technology provider, followed by the TY3 data center, which processed $117.82 billion.

FX Turnover for August

About the Forex market’s turnovers, PrimeXM noted: “XAUUSD undoubtedly remained as the most popular trading instrument, with $292 billion in notional value traded in August. EURUSD kept 2nd place with $142.2 billion and index US100 has replaced GBPUSD being the 3rd most traded instrument with $114.4 billion.”

For July, Prime XM recorded a trading volume of above $1 trillion, as noted before. The average daily volume (ADV) for the period throughout the FX technology provider came in at $47.26 billion, which echoed the yearly growth, but dropped marginally by 0.12 percent month-over-month. Additionally, the official announcement outlined that the highest trading volume on the period was recorded on July 8, when $66.68 billion worth of instruments were traded.

About the Author: Felipe Erazo
Felipe Erazo
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About the Author: Felipe Erazo
Felipe earned a degree in journalism at the University of Chile with the highest honour in the overall ranking, and he also holds a Bachelor of Arts in Social Communication. In addition, he has been working as a freelance writer and Forex/crypto analyst, with experience gained from several forex broker firms and crypto-related media outlets around the world. He has been involved in the world of online forex trading since 2010 and in the crypto sphere since 2015.
  • 1036 Articles
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