PrimeXM Sees 34% YoY Trading Volume Jump in January 2022

PrimeXM, a forex trading technology supplier, has released Its key metrics for January 2022.

The company has registered a total of $1.19 trillion in monthly trading volume in January 2022 across the 4 major Data Center locations, which saw a 13% MoM growth and a remarkable 34% YoY improvement comparing last year's $883.26 billion. 

The Average Daily Volume (ADV) in January was $56.49 billion. The highest daily trading volume of the month was recorded on 24th January with $75.48 billion turnovers. The total number of trades was 32.48 million which is an over 15% YoY increase comparing to last year's 28.22 million trades. 

Data Center in LD4 has recorded $923.07 billion in notional trading volume in January – which is 8.35% above last month's record. $143.10 billion has passed through TY3 and the data center in NY4 has processed $118.20 billion. The trades passed through SG1 data center are steadily growing, reaching $1.85 billion.  

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XAUUSD undoubtedly remained as the most popular trading instrument – with $304.4 billion in notional value traded in January. US30 index has occupied the 2nd place with $168.2 billion, followed by Major FX pairs EURUSD with $151.8 billion.