Alpari RU Wraps up Q1 As March Figures up 18% at $130.9 Billion for Russia and the CIS

Alpari RU has today reported that Trading turnover at Alpari for Russia and the CIS in Q1 of this year came to $378.4 billion, as March volumes tallied $130.9 billion, and 18% higher than February's industry wide decrease that Forex Magnates had reported for Alpari included.

For Alpari's Russia and CIS volumes, March was up 18.14% over February's total of $110.8 billion, an increase of $20.1 billion month-over-month.

Alpari said that the number of lots traded in Q1 of this year was 2,826,030 while the number of client accounts in Russia and the CIS surpassed 1.1 million by the end of Q1 2014.

Quarter over Quarter (QoQ), volumes were 30% higher in the GBPUSD pair which was up $24 billion in notional volumes. Turnover in USDJPY rose by 11% to $26.9 billion, according to the update from the firms Russia and CIS client flows.

Commenting in the official press release, Boris Shilov, CEO of Alpari,"It has not been a straightforward start to the year, following on from the traditional drop in trading volume during the January vacations there has been a period of political tension over the events in Ukraine. At the same time, the most popular currency pair amongst traders, EURUSD, showed very little Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term. All the same, we can say with some satisfaction that towards the end of the quarter the level of turnover returned to normal, and was actually 2% up on the previous quarter.”

The news follows the recent launch of Alpari.org by the brand, after it established a new regulatory hub as reported by Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates last month.