PrimeXM Reports A Trading Volume of $1.10 Trillion in October 2021

Fazzaco has learned that PrimeXM, a technology supplier for the FX trading business, released its trading volumes report for October 2021, showing another jump in its monthly trading volume compared to the same period in previous years.

According to the report, PrimeXM saw a total of $1.10 trillion in monthly trading volume across its four major Data Center locations in October 2021, marking the fifth consecutive month that its monthly volume has surpassed $1 trillion, representing a significant 23 percent YoY increase in trading activity over last year's $894.36 billion. Furthermore, the average daily volume (ADV) was $52.38 billion in October. The 6th of October saw the largest day trading volume of the month, with $62.09 billion in turnovers. The total number of deals in October was 30.22 million, up over 20.6 percent from last year's 25.07 million.

In terms of its trading products, the most popular trading instrument, XAUUSD, which has a notional value of $312.2 billion, accounted for nearly 28% of total monthly trading volume. With $170 billion in trading volume, the US 30 index has remained in second position since last month, followed by the major FX pairings EURUSD and GBPUSD, which have a combined trading volume of $236.6 billion.

The metrics in September shows that the fintech liquidity aggregation provider's trading volume for the period totaled $1.23 trillion across its four primary data centers. The record showed a 31 percent rise year-on-year, exceeding the previous high of March 2020. In addition, the 28th of September saw a record daily trading volume of $85.25 billion, with an ADV of $44.78 billion for the month of September. On a monthly basis, there were 30.37 million deals, up 12 percent comparing to the previous month.

Fazzaco has reported in September that PrimeXM has tied with Tradefeedr to obtain trading data management and analytics, which will enable PrimeXM’s participants to gain access to advanced trading data management and analytics in a seamless way.