Alpari’s Trading Volumes Seize New Year-to-Date Highs in November, Up 54% YoY

Retail 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 broker Alpari has just reported its monthly ‎trading volumes for November 2017, which took another step forward, ultimately adding to the October's strong performance, according to a corporate statement. ‎

During the last month of autumn, Alpari disclosed that a total of $137.9 billion was traded, which represents a move higher over a monthly timeframe, as volumes jumped 13.4 percent month-over-month from $121.6 billion back in October 2017. Indeed, November’s volumes are a fresh company’s peak for 2017.[gptAdvertisement]

In addition, the latest figures are a rise of 54 percent year-over-year compared to $89.4 billion November 2016.

In connection with the increased volatility of the British pound, as a breakthrough over the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term process could be months away, as well as uncertainty about the Fed’s tightening cycle, trading on GBP/USD and EUR/USD instruments enjoyed far greater popularity among Alpari’s clients in the previous month. Specifically, the turnover of those pairings ticked up by 24 percent and 20 percent, respectively, in November 2017.

The renewed rebound off August’s lower volumes highlights the fact that the broker has been able to capitalise on the healthy bouts of volatility that have been rocking financial markets.