Alpari RU, the retail Forex broker servicing the Russian market, earlier today posted its operating metrics for February 2015, with the company obviously joining the raft of trading companies that recorded lower FX volumes in the second month of the year.
Alpari’s Forex volumes in Russia and the countries of the Commonwealth of Independent States (CIS) amounted to $74.7 billion in February 2015, down by 15.5% against the levels seen in January 2015. On an annual basis the downturn was more pronounced, as in February 2014 the company saw monthly trading volumes of $110.8 billion. This means that the February 2015 reading is 32.3% lower than a year earlier.
The company blamed the decline in volumes on the lack of any directional move in the EUR/USD price. The broker insists, however, that the number of clients active on the market remained high during February.
Alpari RU is currently conducting a change in its trading instruments lineup. As LeapRate has informed you, the CFD list will be markedly reduced, with only contracts on Brent and WTI futures remaining available.
The official announcement of the monthly metrics can be found here.
