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.
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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. 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 Magnates last month.