Retail forex broker Alpari has just reported its monthly trading volumes for September 2017, which took a step back, ultimately paring the last month’s healthy gain which saw its highest figure of H2 2017.
During the first month of autumn, Alpari disclosed that a total of $114.4 billion was traded, which represents a move lower over a monthly timeframe, as volumes contracted 5 percent month-over-month from $120.8 billion back in August 2017. Indeed, September’s volumes are not a long way off from the company’s peak set back in the prior month and also prints the second best figure for 2017.
In addition, the latest figures orchestrated a rise of 29 percent year-over-year compared to $88.7 billion in September 2016.
In connection with the increased volatility of the British pound in recent weeks, trading on GBPUSD instrument enjoyed far greater popularity among Alpari’s clients in September. The cable saw a 29 percent increase in trading turnover last month.
Alpari was able to maintain its monthly volumes stable above the $100 billion mark for the fifth straight month, which highlights the fact that the broker has been able to capitalise on the healthy bouts of volatility that have been rocking financial markets. In addition, trading volumes in September have taken a similar step back almost universally across all major retail brokers in the industry.