Alpari Russia rose to $137B, but rest-of-world fell to $113B, its lowest level since April
Following a drop in September, Alpari Group has reported volumes declining for a second consecutive month in October. While Russian forex volumes have risen by 8% to $137B, the rest-of-world metrics have subsided to show a rather substantial decline by 15% to $113B. Total volumes came out at $250B, only marginally lower than last month’s number.
We should recognize that all of this comes after Alpari posted record volumes in August, nevertheless some questions are raised surrounding the departure of Daniel Skowronski as CEO of Alpari UK. We still do not consider it to be performance related as during his management the company has marked a substantial rise of international volumes from $90 to a range of $110 to $140 billion per month. However as we get November’s volume metrics numbers we are moving to the lower end of that range.
As LeapRate has already reported, starting on November 25th, Alpari Russia will be scrapping its ZuluTrade support and clients will have to rely on trading signals in MT4. We are looking forward to see how that might affect future volume reports. Stay tuned to LeapRate to know more about future volume metrics reports from the industry.