PrimeXM trading volume jump 33% YoY in February

Steffy Bogdanova
March 10, 2022 8:50 am

PrimeXM has published its trading metrics for February 2022. The broker reported monthly trading volume of $1.213 trillion across the 4 major Data Center locations last month.

The numbers increased 2.3% compared to January 2022 and jumped 33.32% on yearly basis.

The Average Daily Volume (ADV) last month came in at $60.65 billion. This was a 7.37 % increase from the previous month. The Russian invasion in Ukraine and the following sanctions resulted in an increased volatility and strong daily moves in all markets, including Spot FX, Metals, Major Equity Indices and Commodities. The highest daily trading volume of the month was registered on 24 february when the broker saw $127 billion turnovers.

PrimeXM

The total number of trades reached 34.32 million in February, registering a 5.65% rise compared to January’s 32.48 million trades.

In February, PrimeXM’s Data Centre in LD4’s notional trading volume stood at $950 billion. TY3 recorded $136 billion and NY4 followed with $124 billion. SG1’s monthly growth more than doubled reaching $3.02 billion.

LeapRate Analyst

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.
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