PrimeXM records 25.51 per cent increase in Volume in March compared to February 2020
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.
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.
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.
LiquidityFinder
LiquidityFinder was created to take the friction out of the process of sourcing Business to Business (B2B) liquidity; to become the central reference point for liquidity in OTC electronic markets, and the means to access them. Our mission is to provide streamlined modern solutions and share valuable insight and knowledge that benefit our users.
If you would like to contribute to our website or wish to contact us, please click here or you can email us directly at press@liquidityfinder.com.