PrimeXM has just released its trading volumes for February 2021. The broker registered a total of $909.89 billion in monthly trading volume in February across the 3 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. 1st February was the highest daily trading volume of the month with a $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 $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.
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.