Alpari Russia has reported its monthly trading volumes for July 2016, which saw a rebound in its turnover relative to what had amounted to a lackluster June – the latest figures also snap a recent decline that had enveloped the broker in Q2 2016, according to an Alpari statement.
FXTM Appoints Marcelo Spina as Global Head of PartnershipsGo to article >>
Just one month after a disappointing performance in June, the latest tranche of turnover volumes at Alpari Russia were pointed higher, paring some of the previous month’s losses. Despite a surge in volatility caused by the Brexit referendum, Alpari Russia missed the memo on heightened trading activity, causing it to be one of the few exchanges that reported declining volumes in June.
Fast-forwarding to July however, Alpari Russia has seen its figures on the ascension, which was indicative of a turnover of $81.4 billion during the month. This also was reflective of a growth of 3.4% MoM from $78.7 billion in June 2016, snapping a downward decline that was prevalent in multiple consecutive months.
One of the impetuses for July’s rising volumes was strong demand for PAMM accounts, as well as an appetite for commodities trading, namely gold. With the price of gold in flux during the summer, this could be a trend to watch heading into the fall.