Alpari Trading Volumes Pick Up as Russian Regulation Set to Kick In

Alpari just reported on the outcome of the first two months of 2017 in terms of trading volumes. The brokerage is countering industry-wide trends and reports increased activity in a back-to-back monthly increase.

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The company has also become the latest member of the only Bank of Russia approved self-regulatory organization (SRO), the Association of Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Dealers (AFD).

After years of preparation, the Russian regulatory regime is set to become active in May. In compliance with the current regulatory framework, companies that are operating in the country cannot legally advertise their products.

Commenting on the news, the Managing Director of the Bank of Russia licensed Russian subsidiary of the company, Guzel Myrzeeva, said: “The SRO membership is one of the most important steps for Alpari Forex on it's way to become a regulated forex dealer in Russia. After the acceptance into the AFD, we can more efficiently direct the industry in a positive direction.”

“There is a long way ahead of us to make the Russian regulatory jurisdiction demanded and competitive,” she concludes.

Alpari states in an official announcement that it also launched a new mobile Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term in the beginning of the year. The app supports Russian, English, Portuguese, Spanish, Vietnamese, Chinese, Indonesian, Farsi, Hindi and Arabic.

Strong January and February Volumes

Alpari reports that its total trading volume for the first two months of the year amounted to $185.2 billion. In January, the firm marked a monthly increase when compared to December that totaled 4 percent for a month-end result of $90.9 billion.

February has proven to be even more active for the brokerage, with $94.3 billion transacted by clients of the company. Alpari is bucking the industry trend of declining trading volumes across all major brokerages that reported their figures.

Trading was driven primarily by the EUR/USD and the GBP/USD pairs. Overall, Alpari reports to have registered a broad based increase in trading volumes across a multitude of instruments.