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Alpari volumes drop to $85 billion
Retail FX broker Alpari, which along with FX Club dominates the Russian FX market but also operates worldwide, held a press conference last week in Moscow and released some operating and financial data. The key metrics reviewed include: Monthly volumes in 2012 have averaged $84.9 billion. In Russia alone, Alpari has 53 (!!) offices and 350 employees -- mainly involved in running trading schools, Alpari's main way of attracting new traders in its home country Alpari earned $78.8 per million traded in 2012 In our view, it is hard to see how Alpari is making money given its size, number of employees and number of global ... (full story)
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