PrimeXM’s November Trading Volume Reaches $1.23 Trillion

PrimeXM, one of the leading FX technology providers, recently released its trading numbers for November 2021. The company posted a record monthly trading volume of $1.23 trillion in the past month. In terms of average daily volume (ADV), the number touched $55.92 billion in November.

XAUUSD remained the most popular trading instrument last month and accounted for almost 30% of the overall monthly trading volume. However, the foreign exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX) pair EURUSD came in the second spot followed by US 30 Index in 3rd place.

According to PrimeXM, nearly 81% of the total monthly trading volume was recorded at the company’s Data Center in LD4, which was around $995 billion in notional value. The 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 in NY4 held second place for the 4th consecutive month.

“The Average Daily Volume (ADV) in November was $55.92 billion. The highest daily trading volume of the month was recorded on 26th November with $76.35 billion turnover. The total number of trades in November was 31.84 million which is over 24% YoY improvement compared to last year’s 25.64 million trades. 81% of the total monthly traded volume was recorded at our Data Center in LD4, $995.24 billion in notional value. The trades passed through our newly established SG1 data center are steadily growing, reaching $1.7 billion,” PrimeXM mentioned.

Growth in 2021

PrimeXM saw consistent year-on-year (YoY) growth in trading volumes during 2021. The company’s data centers in LD4, NY4, TY3 and SG1 experienced a sharp surge in volumes throughout this year. In addition to XAUUSD, EURUSD and US 30, other trading instruments like GBPUSD, US100 and GBPJPY saw a rise in interest during 2021.

“XAUUSD accounted for about $367.7 billion of the monthly trading volume. Major FX pair EURUSD has returned to the second place after 3 months with a new record of $188.4 billion, and US 30 index is trailing behind in 3rd place with $148.7 billion,” PrimeXM added in the official press release.