FX Volumes at PrimeXM Hit $1.15 Trillion, Trades Number Spikes 60%

Swiss-founded technology company PrimeXM, a provider of FX bridge aggregation and institutional hosting solutions, today revealed strong metrics in terms of average daily volumes, total monthly turnover, and number of transactions.

During March 2020, PrimeXM reported an average daily volume (ADV) of $48.22 billion, which represented a jump of six percent month-on-month from $45.68 billion reported back in February.

In terms of total turnover at PrimeXM, the last month showed $1.15 trillion in monthly trading volume, which was 25 percent higher month-on-month from $915 ‎billion in February 2020. Of this figure, trading on Gold instrument XAUUSD accounted for 20 percent or $223.6 billion of the overall traded volume.

The total number of trades also spiked by nearly 60 percent over a monthly basis, coming in at 41.8 million transactions compared to just 26.2 million in February.

Among the popular traded assets, Indices combing 3 top US stock indices and German Index represented more than 17 percent.

Other business highlights show that London LD4 was the strongest across its three major data center locations, with 73 percent of trades exchanged hands there, more than $844 billion in notional value.

Taking a year-to-date perspective, the charts indicate a major shift in trading activity between mid-February to mid-March amid higher volatility, fueled by the coronavirus pandemic.

Founded in 2010, PrimeXM’s key business focus is providing aggregation software, low-latency connectivity, hosting solutions, and high-end MT4/MT5 bridging and white labels. The Swiss-based ‎technology company also offers a MetaTrader 5 Gateway low-latency connectivity to over 120 providers of forex and CFD 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.

In addition to their primary product XCore, PrimeXM offers hosting services in the most popular data centers used by the FX industry, such as Equinix LD4, NY4, and TY3, which enables clients to house their trading systems and algos in co-location to their execution engine and Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on A liquidity provider (LP) constitutes an individual and/or an institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profit on Read this Term.

The company’s flagship platform, XCore, offers low latency order routing and pricing ‎engine, giving the institutions the opportunity to ‎connect to a wide range of liquidity providers. Furthermore, ‎XCore is installed in PrimeXM’s infrastructure in Equinix ‎data centers, allowing for the efficient management of the entire brokerage business in a centralized environment.‎