For global broker Alpari, FX, precious metals and commodity trading proved particularly robust during September. Comprehensive analysis of the Scottish referendum – which included Bloomberg TV’s live coverage from the Alpari offices – helped to drive trade in GBPUSD, while EURUSD also saw a significant jump in volume. In addition, gold and oil continued to see exponential growth on the back of an ongoing press campaign.
Alpari started to report combined total volumes again back in July, when combined volume came in at $177 billion, August then took a dip to $166 billion, but the September volume spike also paid a visit to Alpari as they shot through the $200 billion mark to officially register $217 billion.
Hannah Hill, Global Head of Marketing commented: “The traditional summer respite has now come to an end, and this is clearly reflected in the significant increase in trading volume month-on-month. Looking ahead, we’re anticipating a further strong take-up of our latest FX trading cashback promotion in the final quarter, which proved to be a success early in the summer.”
The updated autumn Alpari UK cashback promotion will have cashback options available in sterling and euros as well as the US dollar. The previous promotion over the summer generated almost $1 million in deposits.