The Alpari global group of companies has just announced that they have reached total trading volumes in excess of $217 billion during September 2014, an impressive increase of 31.5% MoM. The group did not provide the volume breakdown by country, but last week Alpari Russia announced that its September’s FX volumes rose by 14% month-over-month, which resulted in $104 billion. This means that the total trading volumes of all Alpari companies outside Russia reached about $113 billion.
The group explained that its comprehensive analysis of the Scottish referendum – which included Bloomberg TV’s live coverage from the Alpari offices – helped to drive trade in GBPUSD, while EURUSD also saw a significant jump in volume. In addition the group said, gold and oil continued to see exponential growth on the back of an ongoing press campaign.
Covid-19 Fallout: A Unique Opportunity for the FX Market!Go to article >>
Last year, the total trading volume for the month of September reached $260 billion for the worldwide Alpari group of companies, meaning that the group suffered about $43 billion drop compared to 2013, coming out at 16.5% decrease year-over- year.
Hannah Hill, Global Head of Marketing commented: “The traditional summer respite has now come to an end, and this is clearly reflected in the significant increase in trading volume month-on-month. Looking ahead, we’re anticipating a further strong take-up of our latest FX trading cashback promotion in the final quarter, which proved to be a success early in the summer.”