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Press Releases

ALPARI KICKS OFF INDIAN OPERATIONS

Company Targets Annual Volume in Excess of US$ 3.5 Billion in Retail Investor Segment

Plans to open new offices in Japan, Singapore, Hong Kong, Germany, France, Canada, British Columbia, Brazil and Mexico in the coming days

Alpari, a leading global provider of online foreign exchange (FOREX, FX) trading services today formally launched its India operations. Alpari will be offering Forex Trading to Indian institutional and retail customers. Now Indian individual traders, fund managers and institutional customers will benefit from the innovative and proprietary currency trading technology combined with quality execution, competitive spreads and margins, along with a helpful customer support with a highly professional team.
“The retail Forex market is maturing rapidly, and customers are beginning to ask for more than yet another trading platform. They want a complete package,” says Cyril Tabet, Head of Marketing at Alpari (UK). “To go beyond what our competition offers, we came up with Alpari Academy, an educational offer that will train our retail customers while familiarising them with Alpari’s online trading range of products. We were able to secure two high-profile, impartial training partners to provide retail traders with access to both free in-depth online courses and live training seminars that were previously reserved for top tier financial institutions only. We believe this is unique for a retail Forex service provider, and this is not only a result of Alpari’s efforts to enrich its institutional-level service offering to retail customers – it is yet another sign of the emerging importance of retail Forex.”

Mr. Andrey Vedikhin, CEO & Co-founder, Alpari (UK) said, “We believe that the Indian market offers healthy prospects for Alpari. India will be one of the first major global economies to emerge from today’s recession. India has a rapidly expanding middle class and a large technology and business-oriented population, which is hungry for online-trading solutions.” “We already have many Indian clients and are confident that both our retail and institutional offerings will meet the expectations of the Indian Forex trading community. Alpari is delighted to shape and drive the Forex market in India,” added Mr. Vedikhin.

Mr. Pramit Brahmbhatt, CEO, Alpari India said, “Forex trading is a huge opportunities for Indian Forex trading community. Our research shows that Indian FOREX Market has grown very rapidly in the recent years, thereby presenting a great business opportunity for Alpari to offer its world-class services to Indian investors and traders. Alpari India will create a new investment medium, provide an institution level trading experience for retail investors, present hedging opportunities for the corporates at a lower cost, and bring in opportunities to explore global currency and bullion market for the Indian investors.”

“Indian investors are turning global after RBI’s LRS (Liberalised Remittance Scheme) on individual foreign investment by Indians, which has grown from US$ 9.6 million in year 2004-05 to a sizeable figure of US$ 440.50 million in year 2007-08. And interestingly, out of which, the investment in financial market only was to the tune of US$ 144 million in 2007-08 (one third of the total investment abroad).At Alpari, we already have a sizeable base of Indian investors and are very happy to offer our services and support at their doorsteps. We have a very long-term commitment towards Indian investor community and are looking forward to undertake a series of educational and evangelizing initiatives and experiences for them,” added Mr. Brahmbhatt.

Alpari’s commitment towards customer education is evident from the fact that the company offers free training educational Webinars, Video Tutorials and Chats through Alpari Academy. The Alpari Academy is a user-friendly educational service committed to excellence in Forex coaching. It helps an investor make informed and responsible trading decisions.

As per the research data available Indian Forex market has seen a rapid growth from a daily turnover of a meager US$ 2 Billion in April 1998 to over US$ 34 Billion by April 2007 and is set to grow at a faster pace in the coming days. On the global front Forex Market had a daily turnover of US$ 3.8 Trillion and is expected to surpass US$ 5.0 Trillion by year 2010. The Forex market is the largest market in the world and is estimated to be more than 3 times larger than the equities market and 5 times larger than the futures market the world over. Alpari presents an institutional-level technology platform driven by innovation to the investors. A Prime Brokerage Business Model offering multi-bank liquidity, Floating leverage, Automated risk management system, 24 hours trading, Multi-lingual trading platforms, Fifth Decimal Pricing Format, Free Educational tools and other research services are some of the unique experiences for anyone trading through Alpari.

Alpari’s commitment towards customer education is evident from the fact that the company offers free training educational Webinars, Video Tutorials and Chats through Alpari Academy. The Alpari Academy is a user-friendly educational service committed to excellence in Forex coaching. It helps an investor make informed and responsible trading decisions.

As per the research data available Indian Forex market has seen a rapid growth from a daily turnover of a meager US$ 2 Billion in April 1998 to over US$ 34 Billion by April 2007 and is set to grow at a faster pace in the coming days. On the global front Forex Market had a daily turnover of US$ 3.8 Trillion and is expected to surpass US$ 5.0 Trillion by year 2010. The Forex market is the largest market in the world and is estimated to be more than 3 times larger than the equities market and 5 times larger than the futures market the world over.

Alpari presents an institutional-level technology platform driven by innovation to the investors. A Prime Brokerage Business Model offering multi-bank liquidity, Floating leverage, Automated risk management system, 24 hours trading, Multi-lingual trading platforms, Fifth Decimal Pricing Format, Free Educational tools and other research services are some of the unique experiences for anyone trading through Alpari.

About the Alpari Group of Companies:

The Alpari group of companies is one of the fastest growing providers of online foreign exchange (“FOREX”, “FX”) trading services, with 26 offices in 7 countries, including London, New York, Shanghai, Dubai, Moscow, Kiev and Almaty, which serve more than 150 countries. With over 300 employees worldwide, more than 110 000 live accounts and monthly Forex trading volumes in excess of USD 75 billion, the group has experienced a tremendous growth during 2008: Alpari (UK)’s live accounts alone grew by 897 percent.

The catalyst behind Alpari Group’s success is its dedication to invest in institutional-level online trading proprietary technologies and to deliver a world-class customer service. Individual traders, money managers and institutional clients worldwide benefit from one of the most reputed platforms, MetaTrader 4, and from comprehensive market analysis as well as educational tools to enhance their online trading experience.

Alpari was launched in Russia in 1998, where it is one of the current market leaders. With the aim of expanding its global footprint, Alpari’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 is covered by the Financial Services Compensation Scheme (“FSCS”); this means retail clients are eligible to make a claim from the FSCS in the event Alpari (UK) is unable to meet its financial obligations. All capital not being used for margin purposes will be fully segregated into a special client account which is kept 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”).

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.

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