PrimeXM Sees 15.18% Dip in April’s Total Trading Volume

PrimeXM, an award-winning technology provider to the global financial industry, has released its trading volumes for the month of April across the 3 major Data Center locations, revealing a dip in all trading metrics compared to March 2021.

More specifically, the company registered a total trading volume of $897.59 billion in April, indicating a 15.18% decrease compared to the previous month. 

In addition, the Average Daily Volume (ADV) for the month was $40.80 billion as compared to $46.01 billion in a month ago. Moreover, the number of trades reached 27.03 million, down by 21.79% on a MoM basis.

PrimeXM maintains three major data centers: LD4, NY4 and TY3. The one in London handled more than 75% of the total monthly traded volume($673.42 billion) last month. The other two data centers recorded a monthly trading volume of $126.75 billion and $97.42 billion, respectively.

XAUUSD has remained PrimeXM's most popular instrument in April with a total trading volume of $251.9 billion. Major FX pairs EURUSD and GBPUSD took the 2nd and 3rd places with a combined trading volume of $259.8 billion.

As Fazzaco reported earlier, PrimeXM has published its financial figures for March 2021​, showing a solid performance in all trading metrics. Total trading volume of $1,058.17 billion in March, up by 16.3 percent on a MoM basis.