Alpari RU Posts Record Volume in January

At the end of 2012, Alpari hosted a media press conference in Moscow to present financial and trading data for its Russian division. There was speculation on why exactly the generally quiet broker decided to come public with information. Reasons included the need for greater transparency in advance of a possible IPO as well as possible new Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term regulation in Russia and a desire to raise of its brand as competition in the country has gotten greater.

Following on last month’s press conference, the broker has once again issued public information; this time around its January volume data. For the month, Alpari announced that it had registered a record high $110 billion in volume from clients in Russia and the CIS. The figure compares to average monthly volumes of $84.9 and $90.3 billion in 2012 and 2011 respectively. Alpari attributed the record volume to “a well-thought-out marketing strategy, the introduction of new technological solutions (which, in turn, was made possible by our recent partnership with leading interbank Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provider Integral Development Corp.) and a favorable situation in the market.”

In addition to the volume data, Alpari stated that it currently services more than 780,000 clients in Russia and the CIS. The figure is even more impressive given that they had previously announced only having 684,000 accounts at the end of November 2012. No word though on whether these are active or only opened accounts.