Alpari RU March Volumes Little Changed From February

A tiny change in foreign exchange volumes for Alpari's Russia subsidiary.

The amount of trading turnover for Alpari RU was just announced for the month of March, and totaling $88.1 billion, according to a company press release updated on its website in Russian.

The total of $88.1 billion was little changed when compared to February’s volumes that had reached $88.5 billion, a difference of only $400 million, or 4000 standard contracts (of 100,000 currency units each). Nonetheless, the tiny dip lower represents the first decline this year, after February had recovered by 11% over January’s figures. 2016 volumes still remain under the company’s 2015 monthly average of $90 billion.

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The company said that turnover in the EUR/USD pair rose by 7%, and also made reference to a study published by Interfax where it prided itself on its leadership position in Russia based on its turnover and number of active customers.

Finance Magnates recently covered Alpari Limited announcing changes concerning the terms and conditions of ECN and standard trading accounts, which were introduced on March 23, 2016.

The company had also cut trading in five currency pairs in March, including in the AUD/SGD, CHF/SGD, HKD/JPY, SGD/JPY and USD/HKD pairs, and also modified trading conditions for stop out levels in ECN and standard accounts where stop out Levels were modified to 20% (Standard) and 60% (ECN).

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