PrimeXM, the forex industry technology provider, on Monday released its trading volume report for September 2021, highlighting that it has achieved a new milestone in its monthly trading volume. According to the press release, there was a trading volume of $1.23 trillion for the period across the four major data center locations.
The record is up 31% year-over-year, and also surpassed the previous peak reached in March 2020. Also, the average daily volume (ADV) for September was $44.78 billion, the month PrimeXM reached all-time volume. The highest intraday trading is on September 28 with a trading volume of $85.25 billion. The total number of deals for the period was 30.37 million, which is a 12% increase month over month.
“More than 80% of the total monthly turnover in our LD4 data center was recorded – $982.02 billion in nominal terms. Another $138.27 billion passed through NY4 and the data center at TY3 processed $106.76 billion. The SG1 data center saw The newly created over $28 million in trading activity in its second month since its inception,” PrimeXM noted.
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Moreover, the number one position for the instruments traded over the past month in PrimeXM was again XAU/USD with a value of $287.4 billion, which is about 23% of the total monthly volume, the forex industry technology provider commented.
August Statistics for PrimeXM
In August metrics, the month averaged $48.42 billion in daily volume, and its busiest day by volume for this period was August 4, with about $61.98 billion in trading volume. The report indicated that “the total number of deals in August amounted to 27.15 million, which is an improvement of 12% compared to last year compared to 24.25 million deals last year.” At the time, its monthly volume exceeded $1 trillion for the third month in a row.