PrimeXM’s Trading Volume for September 2021 Hits $1.23 Trillion

PrimeXM, an FX trading industry Technology Provider Technology Provider A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro A technology provider is an individual, company, or entity that creates, render services and sells software applications or hardware. Currently, there are four types of tech providers which are as followed:Software-as-a-Service (SaaS) – Functioning as a subscription-based licensing and delivery model, SaaS is centrally hosted and may also be referred to as on-demand software. Tech Hardware – Powerful tech providers such as Apple, Oculus Rift, FitBit, and Samsung are examples of tech hardware pro Read this Term, released its trading volume report for September 2021 on Monday, highlighting that it hit a new milestone for its monthly trading volume. According to the press release, the provider reached $1.23 trillion in trading volume for the period across its four major data centers.

The record represented a surge of 31% on a yearly basis, and it crossed the previous peak reached in March 2020. Additionally, the average daily volume (ADV) for September was $44.78 billion, which was the month where PrimeXM hit an all-time high in daily trading volume on September 28 with a turnover of $85.25 billion. The total number of trades for the period was 30.37 million, which represented an increase of 12% on a monthly basis.

“More than 80% of the total monthly traded volume was recorded in our Data Center Data Center A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more A data center is a building or network used to house computer systems and associated components, such as telecommunications and storage systems.This generally includes redundant or backup power supplies, redundant data communications connections, environmental controls, and various security devices. Large data centers are industrial scale operations using as much electricity as a small town.Over the past decade, data center space has been growing at an incredible rate. This has increased as more Read this Term located in LD4, $982.02 billion in notional value. Another $138.27 billion has passed through NY4, and the data center in TY3 has processed $106.76 billion. Our newly established SG1 data center has seen more than $28 million in trading activities in its second month since its inception,” PrimeXM noted.

Moreover, the top spot of the traded instruments during last month at PrimeXM was once again XAU/USD with $287.4 billion in notional value, which accounted for approximately 23% of the overall monthly volume, the FX trading industry technology provider commented.

August Stats for PrimeXM

In August the metrics show that the average daily volume for this month hit $48.42 billion. Moreover, a crowded day in terms of volume for the period was August 4, with around $61.98 billion in turnover. “The total number of trades in August was 27.15 million, which is [a] 12% YoY improvement [compared] to last year’s 24.25 million trades,” the report pointed out. At that time, its monthly volume surpassed $1 trillion for a third consecutive month.