15 September, AtoZForex.com, Lagos – It is the period for monthly metrics from brokers. A trend has been developing in Alpari RU’s monthly turnover as it reports another month of low volumes. The broker has now experienced two consecutive months of falling volumes from the regions of Russia and the Commonwealth of Independent States (CIS) for the month of July and August 2015.
As regards the Alpari Volumes, in July the firm recorded a $93.6 billion volume, a marginal drop of 0.8% MoM from $94.4 billion recorded in June 2015. In August, the broker has now reported volume of $87.5 billion. This is quite a gap, as it puts the decline in volume at 6.7% decline MoM.
The month of August was generally a very good month for brokers, as the volatility across global markets led to record volume days on many platforms, especially the 24th of August, which was dubbed as “Black Monday”. One of the highest volume days recorded since the SNB debacle of January 15. This led to an influx of traders into the markets in a bid to take advantage of the high volatility in the markets. But apparently, was nothing unusual for Alpari as they failed to exploit the situation to translate into higher company volumes for the month unlike other contemporaries like Saxo Bank and FXCM, Capital posted, who posted huge volumes for the month of August.
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