PrimeXM Reports 16.45% YoY Jump in June’s Trading Volume

PrimeXM, an award-winning technology provider to the global financial industry, has released its trading volumes for the month of June across the 3 major Data Center locations, revealing a solid performance in all trading metrics.

More specifically, the company registered a total trading volume of $1.04 trillion in June, 16.45% higher than the previous year’s $869.77 billion. The Average Daily Volume (ADV) for the month reached $47.31 billion. Moreover, the number of trades rose to 34.56 million from last month’s 27.57 million trades, showing an over 6%  MoM increase.

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PrimeXM maintains three major data centers: LD4, NY4 and TY3. The one in London recorded $806.32 billion in notional trading volume in June, up 11% compared to a month earlier. The Data Center in NY4 has officially become the 2nd largest data center location in terms of trading volume processed with $141.76 billion.

XAUUSD has remained PrimeXM's most popular instrument in June with a total trading volume of $317.27 billion. Major FX pairs EURUSD and GBPUSD took the 2nd and 3rd places with a combined trading volume of $269.405 billion.

As Fazzaco reported last month, PrimeXM has revealed a 6.45% jump in trading volume($941.64 billion)​ compared to the same month of last year. ADV in May was $44.84 billion, a close to 10% MoM improvement.