Back in July, LeapRate reported that up-and-coming FX brokerage EXNESS hired independent auditing company Meritorius Audit Limited, part of the MAP S.Platis Group, to review and audit its reported trading volume metrics. Just released is the May thru July audit with some interesting details regarding trading activity of the firms client base.
Below you can also read the official alert EXNESS released.
Audit company confirms accuracy of EXNESS trading volumes for May-July 2014
Dear clients and partners,
We are pleased to inform you that in August 2014 EXNESS continues to publish detailed reports about its trading volumes, which have been certified by an independent external auditor.
EXNESS specialists are confident that this new standard for providing reliable financial information will contribute to more open and transparent business relationships on the forex market.
As before, the trading volume data was certified by the independent audit company Meritorius Audit Limited, which is part of the MAP S.Platis Group — one of the leaders in professional consultancy services in Europe’s forex industry, offering solutions in a wide range of financial services: licensing, financial auditing, risk management consulting, etc.
The provided report contains information about trading in the period from May to July 2014, inclusive.
The most popular instruments during May thru July (in order) were EURUSD, GBPUSD, USDJPY, GBPJPY, with XAUUSD (Gold) rounding out the top five.
Another interesting note from the audit shows that 98.35% of the clients of EXNESS traded 44% of the volume of the 3 months, 1.46% of the clients (818 clients) traded a total volume of $160 billion amounting to 30% of the volume.
To read more interesting details from the full audit report of EXNESS Group’s trading volume calculations for the period from May 1 to July 31, 2014, click here.