PrimeXM Records Again over $1 Trillion in Trading Volume during October

PrimeXM, an FX trading industry technology provider, published its trading volumes report for October 2021, noting another milestone hit for the period on monthly trading volume.

According to the metrics across its four major data center locations, the company surpassed the $1 trillion threshold in monthly volume for the fifth consecutive month, reaching over $1.10 trillion, which is a 23% yearly increase compared to last year’s figure of $894.36 billion. In addition, the average daily volume (ADV) for October was $52.38 billion, with October 6 as the highest daily trading volume day of the month, accounting for around $62.09 billion in turnover.

As usual in PrimeXM, XAU/USD concentrated most of the monthly trading volume, taking 28% of the total market share with about $312.2 billion in notional value. US Index 30 (Dow Jones Industrial) was second with $170 billion, PrimeXM reported. Both EUR/USD and GBP/USD accounted for a combined trading volume of $236.6 billion.

In September, the fintech Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term aggregation provider reached $1.23 trillion in trading volume for the period across its four major data centers. On a yearly basis, the record represented an increase of 31%, surpassing the previous peak reached in March 2020.

Additionally, PrimeXM set a new record for daily trading volume on September 28 with a turnover of $85.25 billion for the month of September, with an average daily volume (ADV) of $44.78 billion. On a monthly basis, there were 30.37 million trades, which represents an increase of 12%.

Partnership with Tradefeedr

In September, Tradefeedr, a community-based FX data and analytics provider, announced that it has partnered with PrimeXM to offer Tradefeedr’s data analytics using the PrimeXM-own XCore technology stack. The partnership allows PrimeXM’s participants to access advanced trading data management and analytics in ‘a seamless way’.

That said, people could access the full suite of Tradefeedr’s collaborative tools when they choose to connect with Tradefeedr. XCore is a Liquidity Aggregation Liquidity Aggregation Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Read this Term platform from PrimeXM, which supports 120 market makers across multiple asset classes and multiple interfaces.