Alpari RU, a division of Alpari Group that covers the Russian and CIS markets, announced trading volumes for the period of January to August 2013. The average monthly trading volume stood at $134.35 billion.
Trading volumes at the global FX brokerage have been rising, both on a group and business unit level. Alpari RU passed the company’s record in July when the firm crossed the formidable $150 billion mark, in January, Alpari RU traded $110 billion for the month. A spokesperson for the company explained to Forex Magnates, that trading volumes have increased 67% for the first six months of 2013, compared to the second half of 2012.
Alpari RU has been enhancing its trading conditions, particularly its solution for money managers. Boris Shilov, CEO of Alpari, spoke to Forex Magnates about the developments the firm has made, and commented, “It’s clear that Alpari’ s recent success is no coincidence. In the first half of the year, our company significantly improved its trading terms, added additional sources of liquidity for clients, increased the quality of order execution and optimized its line-up of trading accounts, investment accounts and financial services.
Why Your Enterprise’s Finances Rely on Employee TrainingGo to article >>
Clients also continue to show a great deal of interest in our ready-made portfolios of PAMM Accounts and structured products. Finally, our company is finding better ways to reach out to people, as is demonstrated by our recent inflow of new customers. At the beginning of July, we were nearing 900,000 trading accounts among clients in Russia and the CIS,” Shilov concluded.
Volatility has been a key driver of trading activity this year, the on-going European debt crisis, the yen, and now the quantitative easing program.
Alexander Razuvaev, Head of Alpari’s Analytical Department, commented, “The geopolitical situation in the Middle East, the uncertainty surrounding the decisions of the world’s central banks and conflicting macroeconomic reports, have led to heightened volatility in the markets.
At the same time, speculators have cut back on trading the yen, as the monetary and foreign exchange policy of the Bank of Japan has been difficult to pin down,” he concluded. Alpari RU is the only firm in the Russian and the CIS market which discloses its trading metrics.