May is turning out to have been a very strong month for retail brokers. Following all-time records that were announced earlier this month from GMO Click Securities, FXCM, and DMM Securities, Alpari has just released their May volume results. During the month, trading volume exceeded $260 billion, which was 6.1% above April’s $245 billion figure. The May volumes are a record for Alpari and mark for consecutive months of all-time highs from the broker.
Commenting on the record volumes, Daniel Skowronski, Chief Executive Officer, Alpari (UK) Limited, stated “Alpari has seen a steady growth in trading volumes throughout the year. This is due to the increased volatility in the markets and it’s also a testament to the strength of Alpari’s product and service offering.”
Rob Frasca Talks Ndau as an Adaptive Store of ValueGo to article >>
With the exception of Monex Group, Saxo Bank, and EBS, May has proven to have been an active month for spot FX trading venues and brokers, with volumes above April levels. Looking ahead, among reporting venues, we expect to see May figures from Gain Capital and Hotspot FX shortly. In regards to Gain Capital, their CEO Glenn Stevens alluded to May volumes topping April levels during his presentation at the Sandler O’Neill Global Exchange and Brokerage Conference last week.