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Alpari's Forex Trading Volumes Skyrocket in July

When we talk about the Alpari group of companies, we are accustomed to using the word “record” - the FX broker has managed to report several monthly records in respect of trading volumes this year already and the results for the first half of the year were astounding.
That is why yesterday's announcement by Alpari of a fifth monthly record in terms of Forex trading volumes did not surprise anyone who has been monitoring the performance of the broker. 
 
Let's look at the numbers: retail and institutional FX trading volumes amounted to $270 billion in July, a record high for the broker. This was about 11% higher than the previous record of $243 billion seen in June.  The main factor behind the growth, as explained by Daniel Skowronski, chief executive officer of Alpari (UK) Limited, is the market volatility, as well as the popularity and variety of the product offering by the broker. Basically, these are the factors tipped to be crucial for the successful performance of the company so far this year.
 
The business in Russia and CIS was particularly robust, accounting for $152.9 billion of the trading volumes of the group in July, up by 13% from the reading seen in June. Across pairs, the EURUSD contributed most to the growth in volumes, with a month-on-month rise of 16% to $11 billion. On the opposite side, trading with the USDJPY and EURJPY fell to $3 billion – this was due to the monetary policy of Bank of Japan which had been very hard to predict. 
 
And although the numbers provided by Alpari are rather impressive, they still lag behind the stunning results reported by US Forex giants – FXCM, for example, announced retail customer trading volume of $388 billion for last month – much higher than Alpari's combined trading volumes reading.
 
Still, we should appraise Alpari's efforts in respect of boosting the trading instrument offering and the services line-up. Obviously, these efforts are paying off. 
 

About Alpari

 
Founded in 1998, the international Alpari brand is one of the leading names in online Forex trading and was recently listed as the world's third largest broker in a 2012 report from online financial portal Forex Magnates, with an average monthly trading volume of more than 200 billion US dollars.
 
Alpari has earned the trust of hundreds of thousands of clients in more than 150 countries across the world, thanks in large part to its reputation for delivering high-quality products and top-notch customer support. The Alpari brand is represented in many of the world's leading centers of commerce, with offices in New York, London, Tokyo, Dubai, Frankfurt and Moscow.
TAGS: alpari  alpari forex broker  forex trading volumes  forex trading  alpari record  july 2013  forex uk  forex russia  cis 

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