PrimeXM’s Monthly Trading Volumes Almost In Line with Previous Month

Zurich-based technology provider PrimeXM announced today that it has registered a total of $869.77 billion in monthly trading volumes in the month of June across its 3 data center locations, a slight fall of 1.68% compared last month’s trading activities.

The Average Daily Volume (ADV) in June was $39.54 billion, this represents a 6.15% decrease compared to the ADV of $42.12 billion in May, according to the firm.

The total number of trades in June was 28.31 million, remaining on a similar level as during May, which saw 28.11 million trades getting processed. This shows that trading activities have stabilized after the Covid-19 caused spike in 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 experienced during March and April.

PrimeXM’s data center in LD4 has recorded 71% of the firms overall monthly trading volume, more than $615 billion in notional value. The other two major data centers in TY3 and NY4 showed similar ADV in June with $128.04 billion and $126.29 billion respectively.

The instrument with the highest turnover on PrimeXM’s XCore system was XAUUSD with $153.17 billion turnover, as the precious metal price has continued climbing and reached 8-year highs in June. On second place EURUSD saw an uptick in transactions with $147.17 billion notional of trades getting printed, which represented a MoM increase of 17%, as demand in the FX markets remains strong by PrimeXM’s client base.

PrimeXM

PrimeXM was established in 2010 and has quickly grown into one of the leading technology providers in the financial industry. The firm's key business focus is providing 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 and high end MT4/MT5 Bridging and MT4/MT5 White Labels. Over 250 financial institutions globally choose PrimeXM as their technology partner, according to the company.