Russian forex broker Alpari’s Dec trading volume grows to $92.1 bln

Russian forex broker Alpari’s Dec trading volume grows to $92.1 bln

Russia-registered forex brokerage group Alpari said on Wednesday its trading volume amounted to $92.1 billion in December 2015, posting the highest results for the second half of 2015.

The figure represents an increase of 6%, compared to November, when its trading volume amounted to 87.2% billion. In December 2014, the broker’s trading volume exceeded $90 billion.

In December, the EUR/USD currency pair continued to be the most popular financial instrument and made up 56% of the Alpari’s total trading volume. The EUR/USD trading turnover grew by a monthly 10% last month, while that of the GBP/USD pair went up nearly 3% on the month.

No other information was provided.

Alpari posted its 2015 lowest trading volume of $74 billion in February and its largest one in $96.9 billion in March.

Details about Alpari’s trading volume in 2015 follow:Alpari Dec 2015

In comparison, the December trading volumes of US brokers FXCM and GAIN Capital Holdings amounted to $323 billion and $276.9 billion, respectively.

Also, Saxo Bank, a Danish bank specialized in providing online trading services, generated a trading volume of $226 billion last month. Meanwhile, Monex Group, a Japanese forex brokerage, has reported its trading volume from global operations amounted to $29.5 billion in December, while the trading volumes from OTC forex activities of GMO CLICK Securities and FX PRIME, both part of Japan’s GMO CLICK Holdings amounted to JPY 77.5 trillion and JPY 6.4 trillion, respectively. In addition, EXNESS, a forex brokerage regulated in Cyprus and Belize, generated a trading volume of $180 billion in December.

The Alpari group has offices in Russia, Saint Vincent and the Grenadines, Mauritius, and the UAE. The group’s companies are registered and regulated in Mauritius and Saint Vincent and the Grenadines. Alpari is a member of the Russian self-regulatory organization Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN). About a month ago, the broker announced it t has applied, through its Russia-registered unit Alpari Forex, to obtain a forex broker license in Russia.

The group includes of the companies Alpari-Broker (Russia), Alpari Ltd (Saint Vincent and the Grenadines), Alpari International Ltd (Mauritius), Alpari Ltd (Belize), and Alpari Forex (Russia). In January 2015, Alpari’s UK branch went insolvent after it saw exceptional volatility and extreme lack of liquidity as a result of the EUR/CHF collapse.

Source: Alpari

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