Alpari Reports April Volumes Remain Subdued When Compared to 2014
- Reduced volatility in EUR/USD has accounted for most of the decline, as expectations about a Greek deal hampered trading
The trading volumes at Alpari in Russia and the Commonwealth of Independent States totaled $91.4 billion, which constitutes a decline of 5.6% month-on-month. The figure remains lower when compared to a year ago.
The Russian ruble debacle which started in the beginning of 2014 accelerated during the second part of the year, prompting a substantial reduction in the purchasing power of clients in the region.
Trading volumes in April 2014 totaled $107.7 billion which is 15% higher than this year. Taking into account the Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term factors, the decline in the business of the broker is apparent. While most of the industry is reporting much higher figures than a year ago, Alpari’s Russian and CIS business remains on a declining trend.
The month-on-month drop aligns with broad industry trends, with similar metrics reported by Japanese and U.S. listed brokers.
In April, the company announced a new project aiming to deliver the Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term of a new type of ECN account. Alpari has partnered with AMTS Solutions in order to launch the product.
With the purchasing power of the Russia and CIS clients not recovering anywhere close to levels seen last year, the main risk to future trading volumes at the company is outside its direct control.
The outlook for the Russian economy is shifting and in recent months there are signs of improvement. A note by Barclays analyst Daniel Hewitt outlined that the stabilization of financial markets in Russia is leading to a rapid decline in inflation, which has been running at a rate of about 8% per annum in April-May 2015.
He proceeds saying that after Bank of Russia has already aggressively cut rates from 17% in December 2014 to 12.5% currently, the appreciation of the Russian ruble could prompt it to do more.
“We think the CBR policy rate will be below 10% at end-2015,” he concluded.
Should this scenario materialize, purchasing power of clients in the region will be on its way to recovery and a bounce in trading volumes later in 2015 is to be expected.
The trading volumes at Alpari in Russia and the Commonwealth of Independent States totaled $91.4 billion, which constitutes a decline of 5.6% month-on-month. The figure remains lower when compared to a year ago.
The Russian ruble debacle which started in the beginning of 2014 accelerated during the second part of the year, prompting a substantial reduction in the purchasing power of clients in the region.
Trading volumes in April 2014 totaled $107.7 billion which is 15% higher than this year. Taking into account the Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term factors, the decline in the business of the broker is apparent. While most of the industry is reporting much higher figures than a year ago, Alpari’s Russian and CIS business remains on a declining trend.
The month-on-month drop aligns with broad industry trends, with similar metrics reported by Japanese and U.S. listed brokers.
In April, the company announced a new project aiming to deliver the Marketing Marketing Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Marketing is defined as the business process of identifying, anticipating and satisfying customers' needs and wants.This is a crucial element of any operation or brokerage in the financial services space. Well-funded marketing campaigns are instrumental to the survival and longevity of these companies in an increasingly competitive industry.Within the forex space, marketers perform a wide range of functions to help procure, secure, or retain clients.In particular, newer forex brokers also have t Read this Term of a new type of ECN account. Alpari has partnered with AMTS Solutions in order to launch the product.
With the purchasing power of the Russia and CIS clients not recovering anywhere close to levels seen last year, the main risk to future trading volumes at the company is outside its direct control.
The outlook for the Russian economy is shifting and in recent months there are signs of improvement. A note by Barclays analyst Daniel Hewitt outlined that the stabilization of financial markets in Russia is leading to a rapid decline in inflation, which has been running at a rate of about 8% per annum in April-May 2015.
He proceeds saying that after Bank of Russia has already aggressively cut rates from 17% in December 2014 to 12.5% currently, the appreciation of the Russian ruble could prompt it to do more.
“We think the CBR policy rate will be below 10% at end-2015,” he concluded.
Should this scenario materialize, purchasing power of clients in the region will be on its way to recovery and a bounce in trading volumes later in 2015 is to be expected.