Alpari has today announced its total trading volumes for the month of October 2013, which stands at $250 billion as a combined figure, taking into account volumes across all regions, and all of Alpari’s international offices.
This figure continues to demonstrate an overall industry-wide dynamic in which volumes rapidly increased during the first part of the year to, in some cases, record levels, followed by a protraction during the third quarter of the year as October’s $250 billion in combined volumes is $10 billion short of the preceding month’s $260 billion, and even further short of the $280 billion achieved in August this year which represented a record high for the firm.
During October, despite the overall decrease in volumes across the entirety of the company’s operations, Alpari’s Russian division continued to go from strength to strength, having reported two days ago that it had recorded for the first time since establishment, the opening of over 1 million accounts, and an increase in trading revenues of $10.6 billion compared with the previous month.
Market Trading Ideas for May 10-14Go to article >>
As Alpari remains a prominent retail FX participant and is among the largest names, its corporate presence is still very much pronounced across the globe, with substantial soccer team sponsorship deals with premier league teams, and the Russian and Far Eastern divisions bolstering the firm’s strong performance despite its retraction from the US earlier this year, and the sudden departure of former UK CEO Daniel Skowronski, to whom a great deal of achievement in furthering the company’s international footprint can be attributed.