Alpari Russia’s Volumes Stagnate in May, Buoyed by GBP Trading
- Alpari Russia's May volumes were largely static, paring last month's slight gains.
Alpari Russia has reported its trading volumes for the month ending May 2016, which saw a slight pullback in its monthly turnover relative to the previous month, part of an increasingly uneven performance in 2016 overall, according to an Alpari statement.
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Last month, Alpari Russia orchestrated a slight rebound in its turnover during April, which climbed tepidly to $91.8 billion, or 4.0% higher MoM. During May 2016 however, Alpari Russia’s volumes once again rescinded, paring last month’s meager gains en route to a figure of $89.0 billion. This correlated to a MoM decline of -3.1% from April 2016, though compared with other venues and exchanges, was able to avoid a more pronounced downturn.
One significant factor that contributed to May 2016’s largely static turnover was the influx of trading of the GBP/USD currency pair. With the long awaited Brexit vote slated for tomorrow, traders and market participants have been eyeing the instrument in what could be the biggest and potentially most volatile event since the Swiss National Bank (SNB) decision back in January 2015.
While the summer months typically illustrate a pullback in volumes, the GBP/USD saw an increase of 8.0% in trading during May 2016, while the big mover was the EUR/JPY, which grew 19.0% during May 2016 as well.
Alpari Russia has reported its trading volumes for the month ending May 2016, which saw a slight pullback in its monthly turnover relative to the previous month, part of an increasingly uneven performance in 2016 overall, according to an Alpari statement.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Last month, Alpari Russia orchestrated a slight rebound in its turnover during April, which climbed tepidly to $91.8 billion, or 4.0% higher MoM. During May 2016 however, Alpari Russia’s volumes once again rescinded, paring last month’s meager gains en route to a figure of $89.0 billion. This correlated to a MoM decline of -3.1% from April 2016, though compared with other venues and exchanges, was able to avoid a more pronounced downturn.
One significant factor that contributed to May 2016’s largely static turnover was the influx of trading of the GBP/USD currency pair. With the long awaited Brexit vote slated for tomorrow, traders and market participants have been eyeing the instrument in what could be the biggest and potentially most volatile event since the Swiss National Bank (SNB) decision back in January 2015.
While the summer months typically illustrate a pullback in volumes, the GBP/USD saw an increase of 8.0% in trading during May 2016, while the big mover was the EUR/JPY, which grew 19.0% during May 2016 as well.