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Alpari Registers Jump in Russia and CIS Forex Volumes in Q3'2013

Alpari, the Russian subsidiary of the global group of Forex brokers, has announced operating metrics for the third quarter of 2013 for Russia and the Commonwealth of Independent States (CIS), with the numbers showing that Forex volumes in the region grew steeply year-on-year.
 
Trading volumes at the broker amounted to $393.3 billion in the three months to the end of September 2013, up by 61% against the corresponding period a year earlier. The number is in fact impressive, although it still lags behind the figures delivered by major players in the global Forex market like FXCM. And there's no surprise about Alpari's robust performance – after all, the company managed to record exceptional results in July and August, and, before that – a massive increase in volumes in the first half of the year, when they reached $788.5 billion in the Russia/CIS arm.
 
Among the factors underlying the successful performance was the increased trade with the GBP/USD and AUD/USD pairs, up by 46% and 15% respectively quarter-on-quarter.
 
And this is not the end to the robust series of results: the company boasted 984,000 trading accounts as of September 30, 2013. The broker expects this count to hit 1 million by the end of this year.
 
Alpari's chief executive Boris Shilov attributed the strong operating metrics to the constant innovations added to the service line-up of the broker. And, indeed, the company has been pretty active in enhancing its offering: in September it launched a proprietary binary options platform, while earlier this month it introduced a new ECN technology for the Metatrader 4 platform. In addition, its more established services like PAMM accounts have gained popularity and turnover from them has been steadily increasing. 
 
 

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 forex broker  alpari russia  alpari third quarter  alpari operating metrics  alpari fx volumes  forex volumes  third quarter 2013  customer accounts  forex accounts  forex trading  russia forex  cis 

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