PrimeXM Releases August Trading Volume, XAU/USD Remains the Most Traded of the Month

FX trading technology provider PrimeXM issued its August 2021 trading volume report on Friday, highlighting that its monthly volume topped $1 trillion for the third month in a row. According to the press release, it marked a 23 percent rise in trade operations on an annual basis, compared to $868.08 billion the previous year.

The average daily volume (ADV) for August was $48.42 billion, with August 4 being the busiest day in terms of volume for the month, with about $61.98 billion in turnovers. The report shows that the overall number of deals in August reached 27.15 million, which is up over 12 percent YoY from last year's 24.25 million trades.

PrimeXM said that the NY4 data center handled over $119.26 billion, followed by the TY3 data center, which processed $117.82 billion.

"XAUUSD undoubtedly remained as the most popular trading instrument – with $292 billion in notional value traded in August. EURUSD kept 2nd place with $142.2 billion and index US100 has replaced GBPUSD being the 3rd most traded instrument with $114.4 billion," noted PrimeXM.

As previously stated, PrimeXM had a trading volume of above $1 trillion in July. Furthermore, the greatest trading volume for the period was achieved on July 8, when $66.68 billion worth of instruments were exchanged, according to the official release.