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.
ICDX, JFX Announce the 2019 Winners of the Bilateral Transactions VolumeGo 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.”