Alpari has just reported its monthly trading volumes for September 2016, which again took a positive step adding to August’s gain, according to a statement issued by the brokerage today.
Alpari has revealed that trading volumes increased to $88.7 billion, up on August’s figure of $84.2 billion which represented a rise of 5 percent MoM. This also reflected a 3 percent increase in turnover over the prior month.
Although the volumes are still some way off from the company’s peak of $91.8 billion set back in April 2016, today’s announcement is a move in the right direction for the brokerage which now appears to be back in full swing.
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Alpari also reported that in absolute terms, the main growth driver was the Alpari EUR/USD currency pair which saw an increase of 11 percent during the month. In relative terms, the USD/CAD currency pair saw the biggest increase, revealing a rise in trading turnover of 80 percent.
The continued rebound in September illustrates how Alpari has capitalised on the recent volatility that has been present in the financial markets, leaving behind the weaker trading volumes of the summer months which had dogged the industry.