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Foreign Exchange

Retail platform Alpari has record month in May

Group turnover on retail foreign exchange platform operator Alpari hit a record $210 billion in May, the firm announced today (July 14).

The firm does not disclose month-on-month trading figures, but the level is a 31% rise on the previous record high of November 2010.

Rival retail platform FXCM posted trading volumes of $328 billion for May, a rise of 11.9% on the previous month. Its more than 55,000 retail customers made an average of 8,694 trades a day.

“This year has been extraordinarily successful for the Alpari companies,” says Daniel Skowronski, chief commercial officer at Alpari (UK) and chief executive officer of Alpari (US). “As even more traders around the globe enjoy the benefits of trading with us, monthly trading volumes have reached record highs.

Alpari’s UK arm began offering contract-for-difference trading earlier this year. It also announced a partnership with Dukascopy Bank, offering customers access to the bank’s J-Forex trading platform through the Alpari network.

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