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Trading Volumes at Armada Markets Hit Record Levels in November

To many the name of Armada Markets may be unknown, but the Estonia-based Forex broker has just announced that its trading volumes in November reached a record level of $12.7 billion.

 
The company boasted the achievement as it does not only mark an obvious success in a separate month in calendar but also comes after a very strong reading seen in October 2013, when Forex trading volumes amounted to $11.4 billion. Given the size of FX volumes that we are accustomed to  see with major Forex brokers, the figures delivered by Armada may not loom as impressive. However, they marked a tendency of month-on-month growth, something that only a couple of retail brokers have also shown. The rise from October was of more than 11% - not bad at all.
 
The company management attributed the robust figures to the strong performance of the algorithmic trading business and the high quality of services (in terms of low latency and access to deep liquidity). This said, we should also mention that the company has a rosy outlook on FX volumes for the coming year: chief financial officer Illimar Mattus forecast that monthly trading volumes in 2014 would rise further to between $25 billion and $35 billion. 
 
We are a bit skeptical about a twofold jump, but the management reiterates the growth of the business in Asia. Moreover, the broker has been working hard to boost the scope and quality of its services. It has just finalized the migration to a Metatrader 4 platform with its own label – this will not only improve the quality of services to clients but will also pave the way for more partnerships with introducing brokers. 
 
For that matter, we should also note that Armada Markets recently started supporting Myfxbook's AutoTrade  – the signal copying service. This is also set to propel the business further.
 
 

About Armada Markets

 
Armada Markets is an Estonian-based ECN Forex broker offering spot FX and spot precious metals trading to both institutional and retail clients. It offers low market spreads, no requotes, full STP and DMA, absolute transparency and the latest trading technology via the industry’s most popular platform Metatrader 4 (MT4) and mobile trading applications. Armada Markets is registered and regulated by the Estonian Ministry of Economic Affairs and is a preferred partner of FSA licensed LMAX Exchange.
TAGS: armada markets  armada markets forex broker  estonia forex broker  forex volumes  forex performance  corporate results  forex trading  november 2013  armada results 

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