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Alpari’s trading volumes for February 2014 in Russia and the CIS region total $110.8 billion
Alpari has today announced its trading volume metrics for Russia and the Commonwealth of Independent States (CIS) for the month of February 2014.
The company achieved $110.8 billion in total trading volume for the month, which represents a decline compared with January’s $136.6 billion, and less than the average of $131.2 billion per month during the entirety of 2013.
As with many other retail FX firms, Alpari’s figure for February shows the decrease in trading activity which was experienced in other regions has made itself apparent in Russia and the CIS also.
“In the last month there were two fundamental factors causing traders to either decrease their trading volume or else stay away from the market altogether. The first was the release of macro-statistics from the USA revealing unexpectedly weak dynamics, giving rise to uncertainty in the market. The second factor is Russia’s charged political conflict over Ukraine, the implications of which are forcing investors into behaving carefully until the situation is clarified”, stated Vladislav Kovalchuk, Director of Marketing at Alpari.