PrimeXM Sees Positive Performance in All Trading Metrics in March

PrimeXM, an award-winning technology provider to the global financial industry, has released its trading volumes for the month of March 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 $1,058.17 billion in March, indicating a 16.3 percent increase on a MoM basis. This is the second time the total volume of PrimeXM went beyond the $1 trillion mark, after March 2020’s $1.15 trillion.

In addition, the Average Daily Volume (ADV) for the month was $46.01 billion as compared to $45.49 billion in the previous month. Moreover, the number of trades reached 34.56 million, showing a 20.04% MoM increase.

PrimeXM maintains three major data centers: LD4, NY4 and TY3. The one in London handled over 77% of the total monthly traded volume($811.40 billion) last month. The other two data centers recorded a monthly trading volume of $124.55 billion and $122.22 billion, respectively.

XAUUSD has remained PrimeXM's most popular instrument in March with a total trading volume of $305.2 billion. Major FX pairs EURUSD and GBPUSD took the 2nd and 3rd places with a combined trading volume of $305.5 billion.

Last month, Fazzaco reported that PrimeXM has released new enhanced report manager module​​ in the New PrimeXM XCore Portal in version 2.39.