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Alpari reports 40% increase in gold trading volumes for the last three months

Sep 18 2014
By
Forexbrokerz.com

Alpari, a global forex broker with Russian origin, has reported total trading volumes of over $165 billion for August 2014, 7% lower than previous month.  The big surprise is the increase in gold and oil trading volumes despite that the volatility of the precious metal fell to multi-year low at the end of August. Given the sharp decline in gold prices since the beginning of the month, we may expect even higher bullion trading volumes in September. 

 

London, 17 September 2014: The Alpari group of companies have announced trading volumes in excess of $165 billion for 1-31 August 2014.


Trading in oil and gold has seen a significant upturn over the previous quarter. Geopolitical events have driven the bulk of trading in gold, as traders flocked to the perceived safety of the yellow metal in the light of heightened regional tensions. In the UK, Alpari saw individual gold trades rise a by 92%, with volumes up over 40% between 1 May to 31 August.*


Hannah Hill, Global Head of Marketing commented: “We’re seeing a renewed interest in gold as traders react to global news stories. Our latest advertising campaign reflects this – focusing on what’s currently happening in gold and oil markets and asking what’s next. This stands out in the financial press by challenging traders to consider the future of these major markets.”


This follows Alpari UK’s successful cashback promotion, which generated almost $1 million in deposits over the summer. During the promotion, Alpari UK clients could earn up to $250 cashback by trading on the company’s new Market account.


About Alpari


Alpari (UK) Limited is an independent entity within the association of Alpari companies (“Alpari”). Alpari serves global clients from offices in over 20 countries. Our locations include London, New York, Tokyo, Shanghai (Representative Office), Dubai, Moscow, Mumbai and Frankfurt.


Alpari has a number of high-profile sponsorships, including the Alpari World Match Racing Tour (title sponsor) and West Ham United FC (principal sponsor).


*Based on UK trading data across all gold markets between 1 May and 31 August 2014.

 

TAGS: Alpari  trading volumes  operating metrics  gold 

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