Alpari UK has reported its monthly trading volumes for the period ending November 2014, witnessing waning global trading volumes of $191.4 billion, just one month after posting robust October trading volumes of $221 billion.
Alpari’s October 2014 volumes were on the uptick, to the tune of 2% MoM – this streak seems to be snapped with the release of November’s metrics, as total volumes, which include FX, precious metals, spread betting and CFD trading services, declined -13.4% MoM.
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There have been a number of in-house developments during November 2014 for Alpari, including spread cuts to its MT4 Market and MT5 account, as well as changes to its precious metals average spreads (gold spreads cut to $0.25, with silver cut to $0.02).
According to Hannah Hill, Alpari UK’s Global Head of Marketing, in a recent statement on the volumes release, “We are pleased that November has continued the company’s H2 trend of stronger trading volumes, and we are confident that the recent changes to our precious metals spreads will continue to drive trading in these markets. We look forward to finishing the year strongly to complete an extremely encouraging six months.”