PrimeXM Posts over 4% YoY Increase in July Average Daily Volume

PrimeXM, a provider of FX trading industry technology, has released its monthly trading volume report for July 2022, showing that the company continues to record strong monthly volumes above $1 trillion threshold.

In July, PrimeXM's total registered volume was at $1,086.62 billion across all 4 Data Centres (LD4, NY4, TY3 and SG1). The Average Daily Volume (ADV) was $51.74 billion, which is a decline on MoM basis with -3.10% and +4.52% YoY increase compared the same period last year.

Total executed transactions in July were at 37.18 million. 77% from all volumes were transacted in London (LD4 data centre), where total of $837 billion were transacted, Tokyo(TY3) comes second with $154 billion, followed by NY4 with $93.9 billion and Singapore SG1 data centre with $1.72 billion.

Traders and investors across the community continue to prefer to trade the most in Gold, where 1/3 of all volume was executed followed by EURUSD, GBPUSD and the 3 major equity indices #US30, #US100 and #Germany40.