PrimeXM, a technology provider to the FX trading industry, released its trading volumes report for October 2021, noting another milestone for the period on monthly trading volume.
Based on metrics from its four major data centers, the company broke the $ 1,000 billion monthly volume threshold for the fifth consecutive month, reaching more than $ 1.10 trillion, an annual increase of 23% compared to last year’s figure of $ 894.36 billion. In addition, the Average Daily Volume (ADV) for October was $ 52.38 billion, with October 6 being the highest daily trading volume day of the month, accounting for around $ 62.09 billion in figures. business.
As usual in PrimeXM, XAU / USD has concentrated most of the monthly trading volume, taking 28% of the total market share with around $ 312.2 billion in notional value. The US 30 Index (Dow Jones Industrial) was second with $ 170 billion, PrimeXM reported. EUR / USD and GBP / USD represented a combined trading volume of $ 236.6 billion.
In September, the fintech liquidity aggregation provider reached $ 1.23 trillion in transaction volume for the period across its four major data centers. On an annual basis, the record represented a 31% increase, surpassing the previous peak reached in March 2020.
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In addition, PrimeXM set a new daily trading volume record on September 28 with revenue of $ 85.25 billion for the month of September, with an average daily volume (ADV) of $ 44.78 billion. dollars. On a monthly basis, there were 30.37 million transactions, which is an increase of 12%.
Partnership with Tradefeedr
In September, Tradefeedr, a community-based currency data and analytics provider, announced that it had partnered with PrimeXM to offer Tradefeedr data analytics using PrimeXM’s XCore technology stack. The partnership allows PrimeXM participants to access advanced management and analysis of trading data in a transparent manner.
That said, users could access the full suite of Tradefeedr collaborative tools when choosing to log into Tradefeedr. XCore is a liquidity aggregation platform from PrimeXM, which supports 120 market makers across multiple asset classes and multiple interfaces.