EXNESS posts record Forex trading volumes of $191 billion in September

02/10/2014 01:39 AST

Russian retail FX firm EXNESS strengthens the industry’s return to form by reporting record volumes in September, higher than any time since its establishment

Russian retail Forex broker EXNESS published the numbers concerning its operations in September 2014, with the trading volumes surging to the highest level the company has seen since its establishment.

Forex trading volumes at EXNESS amounted to $191 billion in September 2014, which set a record for the company, exceeding a previous high of $185 billion seen in July 2014. The level of volumes registered in September was 11.4% higher than in August 2014, when the company saw a small month-on-month dip in volumes. The rise on an annual basis is way more impressive – compared with the levels registered in September 2013, the level of volumes in September 2014 is massive 77% higher.

The number of new clients also showed improvement, although modest, reaching 24,745 at the end of September, up by 1% from the count in August.

The broker has not elaborated on the factors behind the solid performance metrics for September, however it may be proffered that the recovery in Forex volatility has to do with the surge in trading volumes. Moreover, EXNESS has been gradually bolstering the offering for its clients. In June the company began offering analytical reviews on its website and in July it introduced ECN accounts for customers of its Cypriot business. There is hardly anything astonishing then in the rising number of clients of the broker.

We are set to know the details of the September trading operations later this month, when the broker is set to publish the audit results. A matter of interest in terms of corporate decisions is that earlier this year EXNESS hired Map S.Platis to audit its operating metrics. In addition to the detailed formulae featured in each report by the auditor, the reports offer extensive trading statistics, including detail regarding the most popular currency pairs. When such figures are revealed, it will be interesting to review which trading instruments took the lead during the month that brought such record volumes.

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