Earlier today, Alpari, a retail broker offering FX and CFD trading services, released its September 2014 trading volumes figures for its Russian-based unit ‘Alpari Russia’.
September data shows FX trading volumes at Alpari Russia reached $104 billion. Month-on-month the broker’s volumes rose 14% compared to August’s $91.4 billion. In September 2013, Alparu RU recorded $126.8 billion in total FX trading volume which means today’s figures confirm an 18% year-on-year decline in monthly trading volume.
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Set Against the Rest
Alpari Russia’s 14% improvement in volumes is considerably lower when compared to some of its industry peers. Since the end of September a procession of trading metrics and volumes reports indicate a sharp increase in FX trading volumes at all brokerages and trading venues.
Some of the standout figures have come from GMO Click (79% MoM increase), Monex (+48%), Saxo Bank (+51%) and DMM Securities (+70%) respectively. Japanese brokers in particular have seen the sharpest increases in volumes performance following the reawakening of market conditions and FX market volatility in September.
Yet again, Alpari Russia did not provide a detailed breakdown of its results as part of its company policy. However as part of its volumes announcement, the broker marked the 6th year anniversary of its proprietary PAMM account service, available to Alpari Russia account holders only. Alpari has encountered significant challenges making its PAMM service compatible with UK, US and European regulatory rules and guidelines that greatly differ from those applicable in Russia and the CIS.