PrimeXM, which is a leading forex technology provider, reported a monthly decline of the total traded volume in December, but the figure strengthened significantly on a yearly basis. In absolute terms, the platform handled a total volume of more than $1.05 trillion last month.
That figure is 14.65 percent lower than the previous month when the platform recorded $1.23 trillion in total volume. The yearly demand, however, gained significantly as the latest monthly volume jumped by more than 21 percent from the same month of the prior year.
The average trading volume for December 2021 came in at $45.65 billion, down from the prior month’s $55.92 billion but up from the previous year’s $39.38 billion.
The Cycle of the Market
Though there was a decline in the monthly demand, it was a cyclical trait of the industry. The yearly surge, on the other hand, signifies how the trading demand has received a massive boost.
Despite the double-digit decline of the total volume, the number of executed trades in the month only went down by 2.32 percent to 31.1 million. This number also strengthened from the previous year’s 25.17 million executed trades.
The UK-LD4 server of the company remained the busiest, handling $851.92 billion in total trades in the month and executing 21 million orders. The US-NY4 location handled $115.07 billion worth of trades, while Japan and Singapore executed $81.32 billion and $1.75 billion in monthly volumes.
The official statistics further revealed that the XAUUSD instrument was the most traded instrument, while the USDEUR pair remained forex traders’ favorite.
“XAUUSD remained on the top spot of the traded instruments during December with $272.5 billion in notional value, approximately 24% of the overall monthly volume. Major FX pair EURUSD remained in the 2nd place with $136.4 billion and the US30 index has occupied the 3 places for the 2nd month with $128.2 billion,” PrimeXM stated.
PrimeXM, which is a leading forex technology provider, reported a monthly decline of the total traded volume in December, but the figure strengthened significantly on a yearly basis. In absolute terms, the platform handled a total volume of more than $1.05 trillion last month.
That figure is 14.65 percent lower than the previous month when the platform recorded $1.23 trillion in total volume. The yearly demand, however, gained significantly as the latest monthly volume jumped by more than 21 percent from the same month of the prior year.
The average trading volume for December 2021 came in at $45.65 billion, down from the prior month’s $55.92 billion but up from the previous year’s $39.38 billion.
The Cycle of the Market
Though there was a decline in the monthly demand, it was a cyclical trait of the industry. The yearly surge, on the other hand, signifies how the trading demand has received a massive boost.
Despite the double-digit decline of the total volume, the number of executed trades in the month only went down by 2.32 percent to 31.1 million. This number also strengthened from the previous year’s 25.17 million executed trades.
The UK-LD4 server of the company remained the busiest, handling $851.92 billion in total trades in the month and executing 21 million orders. The US-NY4 location handled $115.07 billion worth of trades, while Japan and Singapore executed $81.32 billion and $1.75 billion in monthly volumes.
The official statistics further revealed that the XAUUSD instrument was the most traded instrument, while the USDEUR pair remained forex traders’ favorite.
“XAUUSD remained on the top spot of the traded instruments during December with $272.5 billion in notional value, approximately 24% of the overall monthly volume. Major FX pair EURUSD remained in the 2nd place with $136.4 billion and the US30 index has occupied the 3 places for the 2nd month with $128.2 billion,” PrimeXM stated.
