FX news: Alpari goes to Germany
Alpari announced on Tuesday the launch of a new local office in Germany.
The new Alpari office is based in Frankfurt and will serve Germany as well as German-speaking individual traders and institutional customers in Austria and Switzerland.
Heiko Müller, the new general manager of the Frankfurt branch, says: “Our objective is to expand Alpari’s business in the German-speaking markets, offering retail and institutional clients innovative currency trading technology combined with best execution, competitive pricing and dedicated local customer support”.
The expansion of Alpari was prompted by the trebling of their German-speaking customer base in 2009.
Andrey Vedikhin, co-founder and chief executive officer of Alpari UK says it was down to the buoyant growth of FX trading in these markets: “With growth prospects for the equity and bond markets flagging, investors in the German speaking markets have increasingly been turning to the forex market.”