The biggest FX broker in Russia and the entire CIS, Alpari Russia, has just reported its monthly trading volumes for August 2016, which took a step forward, ultimately adding to last month’s gain, according to a corporate statement.
During the last month of summer, Alpari disclosed that a total of $84.2 billion was traded, which represents a move higher over a monthly timeframe, as volumes jumped 3.0% MoM from $81.4 billion back in July 2016. However, the latest figures incurred a fall of -3.7% YoY in terms of volumes from August 2015.
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Indeed, August’s volumes are still a ways off from the company’s peak of $91.8 billion set back in April 2016, which reflects a full 9.0% decline.
In connection with the increased volatility of the Japanese yen and the pound sterling in recent weeks, trading on these instruments enjoyed far greater popularity among Alpari’s clients.
The continued rebound highlights the fact that the broker has been able to capitalise on the healthy bouts of volatility that have been rocking financial markets. In contrast, trading volumes in August have dropped almost universally across all major brokers in the industry on subsided volatility due to concerns about what the Fed’s next move will be.
Earlier in August, Finance Magnates reported on Alpari after the broker updated its binary options offering through deploying the Options mobile application for smartphones and tablets via both iOS and Android operating systems.