August 09, 2021 - FX Trading aggregator and bridge provider PrimeXM has recorded a total of $1.04 trillion in monthly trading volume in July 2021, representing a 10.67% Year on Year increase in trading activity compared with last year’s $939.35 billion.
The Average Daily Volume (ADV) in July was $47.26 billion. The highest daily trading volume of the month was recorded on 8th July with $66.68 billion. The total number of trades in July was 30.64 million, a 4.47% Month on Month improvement compared to June's 29.33 million trades.
More than 76% of the total monthly traded volume was recorded in the LD4 Data Center – $796.11 billion of notional value. The Data Center in TY3 has returned to 2nd place after 4 months with $125 billion processed in July, roughly5.5% more than the $118.50 billion registered in NY4.
Gold (XAUUSD) remains the most popular trading instrument over PrimeXM's network, with 26% of overall monthly trading volume – about $271.50 billion in notional value. The 2 most actively traded FX pairs are EURUSD and GBPUSD $139 billion and $123.6 billion traded in July respectively.
See PrimeXM's Monthly ADV history and its relative performance against other venues by clicking here.
SFOX Launches First Hedge Fund Specific Crypto Trading Platform
CME Group to Launch E-mini Russell 2000 Monday and Wednesday Weekly Options on October 4
24 Exchange Completes First Physical Cryptocurrency Trade
Cboe FX to launch hosted algo service with XTX Markets
Jump Trading Group Launches Jump Crypto