PrimeXM Reports Trading Volumes in October
PrimeXM, a provider of FX bridge aggregation and institutional hosting solutions, recently announced its financial results in October. The company registered a total of $894.36 billion in monthly trading volume across the 3 major Data Center locations, reporting a 4.55% monthly decrease in trading activities.
Highlights of Consolidated Results
Specifically, the Average Daily Volume (ADV) in October reached $40.65 billion. The provider recorded the highest daily trading volume of the month on 28 October with a $58.16 billion turnovers. In addition, the total number of trades registered in October was 25.07 million.
Moreover, the company’s data center located in London (LD4) accounted for 76% of the total monthly traded volume. The data center located in Japan (NY4) came at the second spot with a monthly trading volume of $108.95 billion.
In terms of traded instruments, EUR/USD remained the most popular FX pair, representing a total trading volume of $132 billion in October. GBP/USD took second place with a monthly trading volume of nearly $109 billion.
Founded in 2010, PrimeXM is an award-winning technology provider to the global financial industry. The key business focus is providing cutting edge aggregation software, ultra-low-latency connectivity, institutional grade hosting solutions and high end MT4/MT5 Bridging and White Labels. Over 250 financial institutions worldwide choose PrimeXM as their trusted technology partner.
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