New minimum spreads on average 25 percent lower
LONDON, September 15, 2009 – Alpari (UK), one of the world’s fastest growing providers of online foreign exchange (FOREX) services, announced that it will pass on tighter spreads from its multiple liquidity providers to its clients by introducing flexible spreads. Flexible spread minimums have been reduced, on average, by 25 percent and by up to 60 percent for some currency pairs. This is achieved through Alpari (UK)’s best bid-offer pricing technology and excellent relationship with its partner banks, which brings an even greater degree of price-transparency to clients’ trades and reduces transactional costs.
Speaking about this latest strategic decision, Andrey Vedikhin, Alpari (UK)’s CEO, said: ‘The introduction of significantly lower minimum spreads across all currency pairs and precious metals supports our commitment to offer our clients an institutional-level trading experience and to provide them with the most accurate Forex pricing, best execution and wider market access. This switch comes in response to the growing demand for lower trading costs and tighter spreads among the trading community. We will continue to take every opportunity to further tighten our spreads in the future’.
Flexible spreads narrow or widen depending on the time of the day, market liquidity and volatility. Fully understanding the dynamics of flexible spreads is key to making informed trading decisions. In order to assist their clients, Alpari (UK) will soon launch online tutorials explaining all the benefits and characteristics of flexible spreads, as part of their educational programme, Alpari Academy.
About the Alpari Group of Companies
The Alpari Group of companies is one of the world’s fastest growing providers of online foreign exchange (FOREX, FX) trading services, with 27 offices in 8 countries, including London, New York, Dubai, Shanghai, Moscow, Mumbai and Kiev, which serve more than 150 countries. With over 300 employees worldwide, more than 160 000 live accounts and monthly Forex-trading volumes in excess of USD 142 billion*, the group experienced tremendous growth during 2008: Alpari (UK)’s live accounts alone grew by 897 percent.
The catalyst for the Alpari Group’s success is its dedication to investment in professional online trading technologies and delivery of world-class customer service. Individual traders, money managers and institutional clients worldwide benefit from access to one of the most reputable platforms, MetaTrader 4, and from comprehensive market analysis as well as educational tools to enhance their online trading experience.
The Alpari Group was launched in Russia in 1998, where it is one of the current market leaders. With the aim of expanding its global footprint, the Alpari Group’s shareholders established several companies in major world financial centres.
Alpari (UK) was established in 2004. The company is based in the heart of the City of London, where it is authorised and regulated by the Financial Services Authority (FSA) and its clients are protected by the Financial Services Compensation Scheme (FSCS); this means retail clients may be eligible to make a claim from the FSCS in the event Alpari (UK) is unable to meet its financial obligations, depending on their status and the nature of their claim. Customer funds not being used for margin purposes are fully segregated in a client account which is kept safely, separate from Alpari (UK)'s company funds.
Alpari (US) was established in 2006. The company is based on Wall Street, in the financial district of New York City, where it is registered by the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM) and is a member of the National Futures Association (NFA), Member ID: 0379679. With the growing success of Forex business, Alpari (US) has now expanded its product base to offer U.S. exchange-traded futures and options to domestic and international investors, speculators, and institutions.
Alpari (UK)’s Chinese Representative Office, in Shanghai, and Alpari Emirates, in Dubai, were established in 2008. Alpari Emirates is duly licensed by the Department of Economic Development, Dubai.
*As of July 2009
Please note that trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors.
For further information, please contact:
| Stefan Lucas, Marketing Executive Alpari (UK) Ltd Tel: +44 (0)20 7426 2800 Email: mediarelations@alpari.co.uk Web site: www.alpari.co.uk |
Sebastian Boppert Hopscotch Europe In One Tel: +44 (0)208 133 3140 Email: sboppert@hopscotch.eu |
