The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Foreign Exchange

FX news: Change at Alpari

Alpari is undergoing a certain amount of change at the moment as a business closes, another opens and it takes a whole new approach to marketing in the US.

Japanese clients were dealt a blow when Alpari announced the closure of the Japanese office, noting: “We would like to inform you that Alpari (UK) has taken the decision to withdraw from the Japanese market and will no longer provide a trading service for residents of Japan. We can assure you that this decision has not been taken lightly, and has resulted from regulatory and commercial considerations.”

The Japanese FX market is notoriously hard to crack. As one head of trading at a top retail broker told the WeeklyFiX: “It’s very difficult to open under your own name in Japan. Japanese clients are fiercely loyal to the local shops, which is why foreign brokers usually do a joint venture or buy one as we did.”

Daniel Skowronski, global chief commercial officer at Alpari, told theWeeklyFiX in August that Asia was a primary target. “Alpari really hasn’t touched the Asian market yet, especially in Japan and Southeast Asia,” he said. “I have strong expertise in Asia and this was an area I knew I could make an immediate impact.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree