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 (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 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.
