Interfax news agency has published its extensive annual study of the Russian Forex industry. According to Interfax – Center of Economic Analysis (Interfax-CEA), Alpari has for the fourth year running kept its position as market leader in Russia. The results of the research indicate that the company’s 2014 monthly average trade volume in Russia exceeded $107 billion (USD), whilst its number of active clients stands at 120,000. As such, Alpari’s market share of the total average monthly turnover for the Russian Forex market is 30.5%, supplying its services to more than 28.3% of active clients in the country. By measure of these indicators, Alpari is a large way ahead of its competitors the market.
“By trade volume and number of clients, Alpari has been the largest forex broker in CIS and Russia for a number of years now. Our leading position has once again been confirmed, despite the difficulties of last year in the industry. A reduction in trade volume has been affected by a sharp decline in volatility for popular currency pairs, political tensions, and consequently, changes in the structure of investors’ and traders’ personal finances. Nevertheless, it’s encouraging that under these difficult circumstances, Alpari has again asserted its position as absolute leader,” said Alpari’s Board Chairman, Boris Shilov.
At the end of 2014, a law was passed to regulate the over the counter Forex market. This should have a positive impact on the Russian financial industry as a whole by raising the standards towards those of the best international practices.