PrimeXM has released its monthly metrics for March 2021. The broker reported a total of $1.06 trillion in trading volumes registered last month across the 3 major Data Center locations. PrimeXM’s trading activities in March mark a 16.3% MoM increase compared to February when it reached $883.26 billion.
The Average Daily Volume (ADV) in March was $46 billion, up by 1% MoM compared to the previous month. 18th March was the highest daily trading volume of the month with $58.68 billion turnovers, a 20% jump compared to February. The total trades registered in March were 34.56 million.
More than 77% of the total monthly traded volume was recorded in Prime XM Data Centre in London LD4 – $811.40 billion in notional value. The Data Centre NY4 has taken second place from TY3 with $124.55 billion in monthly trading volume.
XAUUSD still remains the most popular instrument of PrimeXM‘s traders for the past few months, with a total trading volume of $305.2 billion in March which represented 29% of the overall monthly trading volume. This marks a 13%MoM rise compared to February when it was $270.1 billion. Major FX pairs EURUSD and GBPUSD followed with a combined volume of $305.5 billion.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.