Alpari Russia has just released its trading volume numbers for the month of April, which include data from Russia and the loose union named Commonwealth of Independent States (CIS), which encompasses a number of former Soviet Republics (including Ukraine). During the month of April, the turnover for the region dropped by 18%, when compared to the month of March, to USD 107.7 bln
The total volume of trades come to 792,649 lots, with the biggest share of trading falling to the EUR/USD pair, which accounted for 48%, followed by the GBP/USD at 28.8% and the USD/JPY which took 6.5%.
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The company’s result follows a decent first quarter which was marked by political turmoil, and despite the unfolding events averaged only a touch below the average monthly figures for 2013. In the coming months we should get an idea whether there will be a sustained effect from the political turmoil, with April being a down month for all the top players in retail FX.