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 experienced during March and April.
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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 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 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.