PrimeXM’s Trading Volume Increases 31% YoY for September

PrimeXM, a provider of FX trading industry technology, has released its monthly trading volume report for September 2021. The company reported a trading volume of $1.23 trillion for the month, surpassing the previous peak achieved in March 2020.

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According to the press release, PrimeXM’s monthly volume increased by 31% on a year-over-year basis. The number is up compared to last year’s figure of $936.97 billion. More than 80% of the total monthly traded volume was recorded in Data Center located in LD4 – $982.02 billion in notional value.

Additionally, the average daily volume (ADV) for September was $55.78 billion. The highest daily trading volume of the month was recorded on 28th September with $85.25 billion turnovers- an all-time high daily trading volume this year.

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The total number of trades in September was 30.37 million which was a 12% MoM improvement comparing to last month’s 27.15 million trades. XAUUSD remained on the top spot of the traded instruments during September with $287.4 billion in notional value, approximately 23% of the overall monthly volume.

In September, PrimeXM has partnered with Tradefeedr​, a leading FX data analysis platform, providing PrimeXM’s participants access to advanced trading data management and analytics in a seamless way.