August FX Trading Volumes at Alpari Russia and CIS Drop by about 6%

Russian FX broker, Alpari, has just released its August 2014 trading volumes figures for Russia and its Commonwealth of Independent States (CIS).

August's data shows that trading volume at Alpari for Russia and the CIS exceeded $91.4 billion. This figure is approximately 6% lower than the July figure of $97.2 billion.

This month, the company once again did not provide a detailed breakdown of its results by currency pair that might have helped explain the drop in volumes.

The decrease in volumes specifically in Russia and the CIS is most likely related to the local events in Ukraine and Russia than to the global macro environment that the global Alpari group faces outside of the region.