Institutional FX trading volumes tick up in May 2020
Source: FNG Gerald Segal
- PrimeXM recorded a total of $884.61 billion in monthly trading volume in May across the 3 major data center locations, which indicates the trading activities have stabilized after market volatility lessened after March.
- The Average Daily Volume (ADV) in May was $42.12 billion compared to ADV of $41.20 billion in April, this represents a slight 1.74% MoM increase.
- The total number of trades in May saw a 10.14% decline from April’s 31.28 million to 28.11 million, taking into consideration the major bank holidays in the UK and US on the last Monday of May.
- 75% of all trading volume was registered in our Data Center located in London LD4, NY4 remains in the second place with $7.7 billion in ADV showing continuous growth from beginning of 2020.
- The most-traded instrument in May was US DJIA index (#US30) with $146.56 billion and demand in XAUUSD has returned as Gold price has climbed to all time high since late 2012.
- May-20 total volumes $758.3 billion, or ADV $36.11 billion,+6.3% MoM / +3.5% YoY
- May-2020 total volumes $658.664 billion, or ADV $31.365 billion, +7.2% MoM
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