FX trading industry technology provider, PrimeXM released its monthly trading volume report for June 2021, noting that its total trading volume for the period across the three major  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 locations was $1.04 trillion, skyrocketing by 16.45% on a year-over-year basis. The number is up compared to last year’s figure of $869.77 billion.

In the average daily volume (ADV) case, PrimeXM reported $47.31 billion for June, whose highest daily trading volume was on June 17 with $67 billion in turnover. “The total number of trades in June was 29.33 million, which is an over 6% MoM improvement comparing to last month’s 27.57 million trades,” the provider stated. Moving on, as in last month’s report, XAU/USD remains a safe asset with the highest popularity, PrimeXM said, as it accounted for 30% of the total monthly volume on all the instruments with $317.27 billion in notional value.

Following the ranking, but this time belonging to the  Forex  Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest trading market by volume. According to the Bank of International Settlements (BIS) latest survey, the Forex market now turns over in excess of $5 trillion every day, with the most exchanges occurring between the US Dollar and the Euro (EUR/USD), followed by the US Dollar and the Japanese Yen (USD/JPY), then the US Dollar and Pound Sterling (GBP/USD). Ultimately, it is the very exchanging between currencies which causes a country’s currency to fluctuate in value in relation to another currency – this is known as the exchange rate. With regards to freely floating currencies, this is determined by supply and demand, such as imports and exports, and currency traders, such as banks and hedge funds. Emphasis on Retail Trading for ForexTrading the forex market for the purpose of financial gain was once the exclusive realm of financial institutions.But thanks to the invention of the internet and advances in financial technology from the 1990’s, almost anyone can now start trading this huge market. All one needs is a computer, an internet connection, and an account with a forex broker. Of course, before one starts to trade currencies, a certain level of knowledge and practice is essential. Once can gain some practice using demonstration accounts, i.e. place trades using demo money, before moving on to some real trading after attaining confidence. The main two fields of trading are known as technical analysis and fundamental analysis. Technical analysis refers to using mathematical tools and certain patterns to help decide whether to buy or sell a currency pair, and fundamental analysis refers to gauging the national and international events which may potentially affect a country’s currency value. Read this Term landscape, EUR/USD and GBP/USD remained in second and third place, respectively, with a combined trading volume of $269.40 billion. In fourth and fifth place are Nasdaq and Dow Jones, with $98.3 billion and $54.2 billion in trading volume, respectively.

May’s Report

According to the May report, the monthly trading volume posted a total of $941.64 billion for that period, which is up to the last year’s figure of $884.61 billion, considering all the data from its three major data centers. Additionally, the Average Daily Volume (ADV) was $44.84 billion in May, which is almost a 10% month-over-month improvement.

The highest daily trading volume of the month was May 16 where $59.53 billion in turnover was recorded. The total trades for the month were 27.57 million, said the FX trading technology provider firm. As stated above, XAU/USD remained the most popular instrument traded in the last few months. In fact, its total trading volume hit $290 billion in May, representing an increase of 12% month-over-month.