PrimeXM reports $909.89 billion monthly trading volume in February

Photo: Leaprate

PrimeXM has just released its trading volumes for Feb 2021. The broker registered a total of $909.89 billion in monthly trading volume in February across the three major Data Center locations. The metrics represent a 3% MoM increase compared to January when it was $883.26 billion.

The Average Daily Volume (ADV) in February reached $45.49 billion with a 3%MoM improvement compared to the ADV of January when it was $44.16 billion. Feb 1 was the highest daily trading volume of the month with $67.56 billion turnovers. The total trades registered in February were 28.79 million.

More than 74% of the total monthly traded volume was recorded in Prime XM Data Center in London LD4 – $680 billion in notional value. The Data Center in TY3 and NY4 registered a monthly trading volume of $121.58 billion and $108.30 billion, respectively.

XAUUSD remained the most popular instrument of traders for the past few months, with a total trading volume of $270 billion in February which represented 30% of the overall monthly trading volume. Major FX pairs EURUSD and GBPUSD followed with a combined volume of $261.6 billion.

Recently, fast-growing multi-asset Forex and CFD investment company Accuindex partnered with PrimeXM in order to integrate with its order routing service XCore.

Reprinted from Leaprate, the copyright all reserved by the original author.