PrimeXM Reports A Slight Increase in Total Trading Volume for February

PrimeXM, an award-winning technology provider to the global financial industry, has released its trading volumes for the month of February across the 3 major Data Center locations, revealing a slight increase in total trading volume.

Specifically, the company registered a total trading volume of $909.89 billion in February, indicating a 3% increase on a MoM basis. The Average Daily Volume (ADV) for the month was $45.49 billion as compared to $44.16 billion in the previous month. In terms of the highest daily trading volume of the month, PrimeXM reported a $67.56 billion turnovers on 1st February.

PrimeXM maintains three major data centers: LD4, NY4 and TY3. The one in London handled over 74 percent of the total monthly traded volume($680 billion) last month. The other two data centers recorded a monthly trading volume of $121.58 billion and $108.30 billion, respectively.

The total number of trades reported in February was 28.79 million, which was a little bit higher from 28.22 million that was reported in January. 

XAUUSD has remained PrimeXM's most popular instrument in February with a total trading volume of $270 billion, showing a 10% MoM increase. Major FX pairs EURUSD and GBPUSD took the 2nd and 3rd places with a combined trading volume of $261.6 billion.