PrimeXM, an FX trading industry Technology Provider
Technology Provider
A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware providers because the majority of their products sold are tangible pieces of equipment that come fine-tuned with a related operating system. Marketplace – Sometimes coined as network or platform, marketplace tech providers connect buyers with sellers within the same industry. Extension of Offline Business – These tech providers seek to provide more convenience to users through the usability of the internet, a couple of examples include businesses involved in e-commerce or even your online banking app. Who Relies on Technology Providers?You can think of a tech provider as a business that fulfills the need for a technology component. The relationship isn’t as symbiotic as it may always appear but through the aid of a technology provider role, tech providers are better able to fulfill the needs of their customers, or in this case, components. Tech providers as well-known as indispensable entities within the B2B forex industry. This includes relationships with brokers that helps improve offerings for clients.There are also a wide range of tech providers who specialize in providing high-demand technological goods and services also reside within the B2C industry.Within this space there is more diversity while the demand to develop more consumer-friendly solutions is ever-present.
A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware providers because the majority of their products sold are tangible pieces of equipment that come fine-tuned with a related operating system. Marketplace – Sometimes coined as network or platform, marketplace tech providers connect buyers with sellers within the same industry. Extension of Offline Business – These tech providers seek to provide more convenience to users through the usability of the internet, a couple of examples include businesses involved in e-commerce or even your online banking app. Who Relies on Technology Providers?You can think of a tech provider as a business that fulfills the need for a technology component. The relationship isn’t as symbiotic as it may always appear but through the aid of a technology provider role, tech providers are better able to fulfill the needs of their customers, or in this case, components. Tech providers as well-known as indispensable entities within the B2B forex industry. This includes relationships with brokers that helps improve offerings for clients.There are also a wide range of tech providers who specialize in providing high-demand technological goods and services also reside within the B2C industry.Within this space there is more diversity while the demand to develop more consumer-friendly solutions is ever-present.
Read this Term, released its trading volume report for September 2021 on Monday, highlighting that it hit a new milestone for its monthly trading volume. According to the press release, the provider reached $1.23 trillion in trading volume for the period across its four major data centers.
The record represented a surge of 31% on a yearly basis, and it crossed the previous peak reached in March 2020. Additionally, the average daily volume (ADV) for September was $44.78 billion, which was the month where PrimeXM hit an all-time high in daily trading volume on September 28 with a turnover of $85.25 billion. The total number of trades for the period was 30.37 million, which represented an increase of 12% on a monthly basis.
“More than 80% of the total monthly traded volume was recorded in our Data Center
Data Center
A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more and more businesses are moving toward cloud computing.In addition to the demand, the overall amount of data that is stored is also at levels that would have been unheard of not so long ago, which has resulted in increasingly large data centers.Why are Data Centers Important?Technology operations are a crucial aspect of most corporate businesses and institutions. The prime concerns are business continuity; companies rely on their information systems to run their operations. If a system becomes unavailable, company operations may be impaired or stopped altogether. It is necessary to have a dependable infrastructure for IT operations to minimize any chance of disruption. Information security is also a concern, and for this reason, a data center provides a secure environment that minimizes the chances of a security breach. A data center must, therefore, keep high standards for assuring the integrity and functionality of its hosted computer environment. Data centers are extremely valuable constructs within the financial services industry. For example, banks and financial institutions safeguard customer information in both cloud and on-premise data centers, as well as on trading floors and in branch operations. Data centers and critical infrastructure must be reliable, secure and available to successfully deliver internal IT services and digital banking services.
A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more and more businesses are moving toward cloud computing.In addition to the demand, the overall amount of data that is stored is also at levels that would have been unheard of not so long ago, which has resulted in increasingly large data centers.Why are Data Centers Important?Technology operations are a crucial aspect of most corporate businesses and institutions. The prime concerns are business continuity; companies rely on their information systems to run their operations. If a system becomes unavailable, company operations may be impaired or stopped altogether. It is necessary to have a dependable infrastructure for IT operations to minimize any chance of disruption. Information security is also a concern, and for this reason, a data center provides a secure environment that minimizes the chances of a security breach. A data center must, therefore, keep high standards for assuring the integrity and functionality of its hosted computer environment. Data centers are extremely valuable constructs within the financial services industry. For example, banks and financial institutions safeguard customer information in both cloud and on-premise data centers, as well as on trading floors and in branch operations. Data centers and critical infrastructure must be reliable, secure and available to successfully deliver internal IT services and digital banking services.
Read this Term located in LD4, $982.02 billion in notional value. Another $138.27 billion has passed through NY4, and the data center in TY3 has processed $106.76 billion. Our newly established SG1 data center has seen more than $28 million in trading activities in its second month since its inception,” PrimeXM noted.
Moreover, the top spot of the traded instruments during last month at PrimeXM was once again XAU/USD with $287.4 billion in notional value, which accounted for approximately 23% of the overall monthly volume, the FX trading industry technology provider commented.
August Stats for PrimeXM
In August the metrics show that the average daily volume for this month hit $48.42 billion. Moreover, a crowded day in terms of volume for the period was August 4, with around $61.98 billion in turnover. “The total number of trades in August was 27.15 million, which is [a] 12% YoY improvement [compared] to last year’s 24.25 million trades,” the report pointed out. At that time, its monthly volume surpassed $1 trillion for a third consecutive month.
PrimeXM, an FX trading industry Technology Provider
Technology Provider
A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware providers because the majority of their products sold are tangible pieces of equipment that come fine-tuned with a related operating system. Marketplace – Sometimes coined as network or platform, marketplace tech providers connect buyers with sellers within the same industry. Extension of Offline Business – These tech providers seek to provide more convenience to users through the usability of the internet, a couple of examples include businesses involved in e-commerce or even your online banking app. Who Relies on Technology Providers?You can think of a tech provider as a business that fulfills the need for a technology component. The relationship isn’t as symbiotic as it may always appear but through the aid of a technology provider role, tech providers are better able to fulfill the needs of their customers, or in this case, components. Tech providers as well-known as indispensable entities within the B2B forex industry. This includes relationships with brokers that helps improve offerings for clients.There are also a wide range of tech providers who specialize in providing high-demand technological goods and services also reside within the B2C industry.Within this space there is more diversity while the demand to develop more consumer-friendly solutions is ever-present.
A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware providers because the majority of their products sold are tangible pieces of equipment that come fine-tuned with a related operating system. Marketplace – Sometimes coined as network or platform, marketplace tech providers connect buyers with sellers within the same industry. Extension of Offline Business – These tech providers seek to provide more convenience to users through the usability of the internet, a couple of examples include businesses involved in e-commerce or even your online banking app. Who Relies on Technology Providers?You can think of a tech provider as a business that fulfills the need for a technology component. The relationship isn’t as symbiotic as it may always appear but through the aid of a technology provider role, tech providers are better able to fulfill the needs of their customers, or in this case, components. Tech providers as well-known as indispensable entities within the B2B forex industry. This includes relationships with brokers that helps improve offerings for clients.There are also a wide range of tech providers who specialize in providing high-demand technological goods and services also reside within the B2C industry.Within this space there is more diversity while the demand to develop more consumer-friendly solutions is ever-present.
Read this Term, released its trading volume report for September 2021 on Monday, highlighting that it hit a new milestone for its monthly trading volume. According to the press release, the provider reached $1.23 trillion in trading volume for the period across its four major data centers.
The record represented a surge of 31% on a yearly basis, and it crossed the previous peak reached in March 2020. Additionally, the average daily volume (ADV) for September was $44.78 billion, which was the month where PrimeXM hit an all-time high in daily trading volume on September 28 with a turnover of $85.25 billion. The total number of trades for the period was 30.37 million, which represented an increase of 12% on a monthly basis.
“More than 80% of the total monthly traded volume was recorded in our Data Center
Data Center
A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more and more businesses are moving toward cloud computing.In addition to the demand, the overall amount of data that is stored is also at levels that would have been unheard of not so long ago, which has resulted in increasingly large data centers.Why are Data Centers Important?Technology operations are a crucial aspect of most corporate businesses and institutions. The prime concerns are business continuity; companies rely on their information systems to run their operations. If a system becomes unavailable, company operations may be impaired or stopped altogether. It is necessary to have a dependable infrastructure for IT operations to minimize any chance of disruption. Information security is also a concern, and for this reason, a data center provides a secure environment that minimizes the chances of a security breach. A data center must, therefore, keep high standards for assuring the integrity and functionality of its hosted computer environment. Data centers are extremely valuable constructs within the financial services industry. For example, banks and financial institutions safeguard customer information in both cloud and on-premise data centers, as well as on trading floors and in branch operations. Data centers and critical infrastructure must be reliable, secure and available to successfully deliver internal IT services and digital banking services.
A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more and more businesses are moving toward cloud computing.In addition to the demand, the overall amount of data that is stored is also at levels that would have been unheard of not so long ago, which has resulted in increasingly large data centers.Why are Data Centers Important?Technology operations are a crucial aspect of most corporate businesses and institutions. The prime concerns are business continuity; companies rely on their information systems to run their operations. If a system becomes unavailable, company operations may be impaired or stopped altogether. It is necessary to have a dependable infrastructure for IT operations to minimize any chance of disruption. Information security is also a concern, and for this reason, a data center provides a secure environment that minimizes the chances of a security breach. A data center must, therefore, keep high standards for assuring the integrity and functionality of its hosted computer environment. Data centers are extremely valuable constructs within the financial services industry. For example, banks and financial institutions safeguard customer information in both cloud and on-premise data centers, as well as on trading floors and in branch operations. Data centers and critical infrastructure must be reliable, secure and available to successfully deliver internal IT services and digital banking services.
Read this Term located in LD4, $982.02 billion in notional value. Another $138.27 billion has passed through NY4, and the data center in TY3 has processed $106.76 billion. Our newly established SG1 data center has seen more than $28 million in trading activities in its second month since its inception,” PrimeXM noted.
Moreover, the top spot of the traded instruments during last month at PrimeXM was once again XAU/USD with $287.4 billion in notional value, which accounted for approximately 23% of the overall monthly volume, the FX trading industry technology provider commented.
August Stats for PrimeXM
In August the metrics show that the average daily volume for this month hit $48.42 billion. Moreover, a crowded day in terms of volume for the period was August 4, with around $61.98 billion in turnover. “The total number of trades in August was 27.15 million, which is [a] 12% YoY improvement [compared] to last year’s 24.25 million trades,” the report pointed out. At that time, its monthly volume surpassed $1 trillion for a third consecutive month.
