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Alpari's Russian Business Outperforms in October 2013

Forex trading volumes at Alpari Limited, the Russian subsidiary of the global group of companies Alpari, managed to outpace the results of the other subsidiaries in rest of the world in October. Yesterday we reported that Alpari's trading turnover in Russia and the Commonwealth of the Independent States (CIS) increased by 8% year-on-year to $137.4 billion in October. Today, thanks to a report by our friends from LeapRate, we can compare the performance of Alpari's Russian business with that of the other subsidiaries. 

 
The report says that the overall trading volumes in October amounted to $250 billion, a substantial figure, which however means that the non-Russian business of Alpari had some tough times last month, contributing only $112.6 billion to the total Forex volumes. This can be easily explained with some of the major corporate structure changes that took effect in the end of September – you perhaps remember that Alpari US officially exited the retail Forex market back then. The dismal performance of Alpari's non-Russian business weighed on the overall result, it was 4% lower than September's level of $260 billion. 
 
Talking about changes and how they affect performance, it's worth mentioning that not only Alpari US recently underwent a major reshuffle: Alpari UK waved goodbye to its chief executive Daniel Skowronski, while Alpari Russia announced it would stop working with ZuluTrade, the popular social Forex trading platform from November 25, 2013. It would be interesting to see how the changes at the broker affect future metrics. But let's not forget that the Russian and British businesses offer trading with binary options, instruments that have enjoyed growing interest from traders lately. Then, there are also the increasing revenues from PAMM accounts. The point is, fellow traders, that the portfolio of products offered by Alpari is pretty diversified – hence the fortunes of the group of companies are set for better times.
 
 
 

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 for 2012.
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 russia  alpari uk  alpari us  alpari forex broker  alpari results  alpari trading volumes  forex volumes  october 2013  russia and cis  forex trading 

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