Alpari Russia volumes hit $127 billion in September, rest-of-world $133 billion.

After setting its best-ever volume record in August (normally a slow time!) at $280 billion, things cooled off somewhat at Alpari Group in September. Russia forex volumes dropped 5%, rest-of-world volumes fell 9%, leading to an overall -7% month for the leading forex broker.

We should note, as per the chart below, that Alpari’s volumes remain well above the $175 billion average monthly volume it saw in 2012.

Also, September marks the second month in a row (for the first time since 2012) that rest-of-world volumes outpaced Russia volumes. In the first half of the year, Russia accounted for 55% of Alpari’s volumes.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.