Correction re Alpari volumes and growth

Figures reported were for Alpari Russia only, not entire Alpari Group.

Our article Monday entitled Alpari volumes drop to $85 billion covering Alpari’s press conference and press release regarding some of its 2012 figures reported that the numbers discussed — specifically $85 billion in monthly trading volume — were for the entire Alpari group. Alpari management has clarified for us that these figures were actually just for Alpari Russia, and that overall Alpari volumes now top $200 billion per month — making Alpari one of the top ten retail FX firms worldwide.

As such, Alpari volumes have actually increased by more than 20% since they last reported volumes back in 2010 at about $160 billion per month. And, contrary to what we wrote, Alpari certainly should be doing well financially at those volume levels.

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