16 April, 2020 - FX Trading aggregator and bridge provider PrimeXM reported FX volume figures for March 2020 with a significant increase on the numbers reported in February.
Prime XM March 2020 Daily Volume
The company registered $48.22 billion Average Daily Volume across the 3 major data centre locations of New York (NY4), London (LD4) and Tokyo (TY3) with a total of $1.15 trillion in monthly trading volume. This represents MoM 25.51% increase in trading volume compared to February 2020, and a spike of over 59% in the total number of trades compared to February.
Prime XM Daily Volume Year To Date 2020
The Data Centre with the highest volume of trades is London LD4 with 73% of traded volume registered there, more than $844 billion in notional value.
The stand-out figure is that the most-traded instrument was XAUUSD with $223.6 billion, close to 20% of the overall traded volume. Also, among the top traded instruments, were trades on major equity Indices combing 3 top US stock indices and German Index (GER30) representing more than 17% of overall volume.
The YTD chart indicates a major shift in trading activities between mid-February to mid-March amid higher volatility in the marketplace fuelled by Coronavirus pandemic.
CFH Australia launches with an office in Sydney, regulated by ASIC
FXSpotStream adds Societe Generale as Liquidity Provider
Paul Beatty Joins FlexTrade as Director of FX Business Development
Chris Thomas appointed Head of Digital Assets at Swissquote
PrimeXM releases volume data for April 2020: ADV down 14.14%