Just ahead of the most volatile time of the year, Alpari has registered a monthly total of $86.1 billion monthly volumes last month. October has proven to be slightly slower than September, when the company reported its figures at $88.7 billion.
The monthly decline has been modest and figures have been consistent with the rest of the year. Pockets of volatility have been the biggest drivers of trading volumes throughout 2016 until the election of Donald J Trump as President of the United States.
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While brokerages have been expecting this period of elevated market mood and higher volatility the holiday season is knocking on the door and we might have a somewhat slower month in December depending on the asset class.
Alpari’s clients have mostly been trading the EUR/USD pair, where average volumes increased. Activity in the USD/JPY and EUR/JPY parts has been somewhat lower.
Last month Alpari announced the opening of a new headquarters office in the Republic of Mauritius.