PrimeXM Reports a Dip in October Volumes
- The company reported $894.36 billion in monthly trading volume in October, a decrease of 4.55% compared to September 2020.
FX technology provider, PrimeXM reported a decrease in monthly trading volume in October across 3 major data center locations. The company reported a monthly trading volume of $894.36 billion in October as compared to $936.97 billion in September.
The number reported represents a 4.55% monthly decrease in trading activities. Though, the Average Daily Volume (ADV) in October stood at $40.65 billion as compared to $42.59 billion in September this year. Additionally, PrimeXM recorded the highest daily trading volume of the month on 28 October with turnovers of $58.16 billion.
The total number of trades reported in October was 25.07 million, which is down from 27.29 million in September, a decrease of 8.14% on the monthly basis. Moreover, the company’s data center located in London (LD4) accounted for 76% of the total monthly traded volume.
PrimeXM reported multi-month lows in August when the company recorded $868 billion in monthly trading volume. Although the numbers jumped significantly in September, it experienced a dip again in October. A similar pattern can be identified for PrimeXM throughout this year as the technology provider has seen highs and lows in 2020.
Top Traded Instruments
Gold has remained PrimeXM’s most popular trading instrument in October with a total trading volume of $245 billion. Furthermore, gold represented more than 27% of the overall monthly trading volume at PrimeXM. The company’s monthly turnover of gold in October was higher compared to September 2020. In terms of currency pairs, EUR/USD remained the most popular FX pair with a trading volume of $132 billion in October. GBP/USD came at the second spot in FX pairs with nearly $109 billion in monthly trading volume. Thus, the company expects Gold and EUR/USD to lead the trading volumes in the coming months as well due to market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term.
Founded in 2010, PrimeXM’s primary focus is to provide cutting edge aggregation software, ultra-low-latency connectivity, institutional grade Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term solutions, high-end MT4/MT5 bridging, and white labels. According to the company, more than 250 financial institutions globally choose PrimeXM as their technology partner.
FX technology provider, PrimeXM reported a decrease in monthly trading volume in October across 3 major data center locations. The company reported a monthly trading volume of $894.36 billion in October as compared to $936.97 billion in September.
The number reported represents a 4.55% monthly decrease in trading activities. Though, the Average Daily Volume (ADV) in October stood at $40.65 billion as compared to $42.59 billion in September this year. Additionally, PrimeXM recorded the highest daily trading volume of the month on 28 October with turnovers of $58.16 billion.
The total number of trades reported in October was 25.07 million, which is down from 27.29 million in September, a decrease of 8.14% on the monthly basis. Moreover, the company’s data center located in London (LD4) accounted for 76% of the total monthly traded volume.
PrimeXM reported multi-month lows in August when the company recorded $868 billion in monthly trading volume. Although the numbers jumped significantly in September, it experienced a dip again in October. A similar pattern can be identified for PrimeXM throughout this year as the technology provider has seen highs and lows in 2020.
Top Traded Instruments
Gold has remained PrimeXM’s most popular trading instrument in October with a total trading volume of $245 billion. Furthermore, gold represented more than 27% of the overall monthly trading volume at PrimeXM. The company’s monthly turnover of gold in October was higher compared to September 2020. In terms of currency pairs, EUR/USD remained the most popular FX pair with a trading volume of $132 billion in October. GBP/USD came at the second spot in FX pairs with nearly $109 billion in monthly trading volume. Thus, the company expects Gold and EUR/USD to lead the trading volumes in the coming months as well due to market Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term.
Founded in 2010, PrimeXM’s primary focus is to provide cutting edge aggregation software, ultra-low-latency connectivity, institutional grade Hosting Hosting Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Hosting refers to the location of a broker’s technology stack. This is one of the most crucial elements of a brokerage that helps prevent the company from losing money due to being unable to mitigate latency risks.Brokers or exchanges are traditionally very vulnerable to latency arbitrage due to the speed with which financial markets move. The traditional datacenter locations for forex brokers are all centered at Equinix facilities around the globe. What Are the World’s Foremost Data Centers?Sin Read this Term solutions, high-end MT4/MT5 bridging, and white labels. According to the company, more than 250 financial institutions globally choose PrimeXM as their technology partner.