PrimeXM’s Monthly Trading Volume Skyrockets 16.45% YoY for June 2021

FX trading industry technology provider, PrimeXM released its monthly trading volume report for June 2021, noting that its total trading volume for the period across the three major 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 locations was $1.04 trillion, skyrocketing by 16.45% on a year-over-year basis. The number is up compared to last year’s figure of $869.77 billion.

In the average daily volume (ADV) case, PrimeXM reported $47.31 billion for June, whose highest daily trading volume was on June 17 with $67 billion in turnover. “The total number of trades in June was 29.33 million, which is an over 6% MoM improvement comparing to last month’s 27.57 million trades,” the provider stated. Moving on, as in last month’s report, XAU/USD remains a safe asset with the highest popularity, PrimeXM said, as it accounted for 30% of the total monthly volume on all the instruments with $317.27 billion in notional value.

Following the ranking, but this time belonging to the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term landscape, EUR/USD and GBP/USD remained in second and third place, respectively, with a combined trading volume of $269.40 billion. In fourth and fifth place are Nasdaq and Dow Jones, with $98.3 billion and $54.2 billion in trading volume, respectively.

May’s Report

According to the May report, the monthly trading volume posted a total of $941.64 billion for that period, which is up to the last year’s figure of $884.61 billion, considering all the data from its three major data centers. Additionally, the Average Daily Volume (ADV) was $44.84 billion in May, which is almost a 10% month-over-month improvement.

The highest daily trading volume of the month was May 16 where $59.53 billion in turnover was recorded. The total trades for the month were 27.57 million, said the FX trading technology provider firm. As stated above, XAU/USD remained the most popular instrument traded in the last few months. In fact, its total trading volume hit $290 billion in May, representing an increase of 12% month-over-month.