Prominent retail multi-asset electronic trading company Alpari (UK) Limited has today announced global trading volumes exceeding £221.5 billion for October 2014.
Reflecting the overall industry trend toward an improvement in October over September’s volumes, Alpari’s combined results for October allude to the same outcome, showing an increase of 1.8% over September’s $217 billion, itself having represented a milestone at which the company’s monthly volumes broke through the $200 billion mark for the first time this year.
Alpari, being a privately owned company, is not duty bound to list its volume figures, often doing so on a consecutive monthly basis for its Russian operations, and periodically for its global business. The firm started to report combined total volumes regularly again in July this year, when total volume amounted to $177 billion, after which it fell back to $166 billion in August. These figures serve to demonstrate the vast increases which have occurred over the past two months.
Hannah Hill, Global Head of Marketing, commented: “We are once again very pleased to report a month-on-month improvement in trading volumes, as we continue to drive precious metals on the back of globally-significant events. In addition, our FX trading cashback promotion helps to boost Market account open rates and deposit increases, particularly across south-east Asia and the Middle East.”
For the official announcement, click here.