The report for the third quarter trading volume at EXNESS Group has just been released and the numbers are down. Year-on-year growth compared to the same period last year was slightly up but the performance for Q3 stands at US$599.3 billion, a 9% decline compared to Q2's trading volume of US$660.5 billion.
George Tsaparillas, Director of Global Strategy and Business Development at EXNESS Group, attributes the Q3 volume decline to several factors not related directly to the brokerage company. He points to high stock market volatility which has attracted new investors of late and to conservative clients who have moved their portfolios to fixed-income instruments as a reaction to uncertainty over the tightening of monetary policy in the US and the future growth rates in China.
Tsaparillas is certain that the company's consistent efforts and commitment towards transparency in the sector which has been a key factor in the firm's growth over the years will continue to being appreciated by traders and that 4th quarter results will be substantially improved.
The EXNESS Group was founded in St. Petersburg, Russia in 2008 and is a foremost Forex and ECN broker. It is regulated by CySec in Cyprus as well as by the Financial Service Provider Register in New Zealand and is the recipient of several awards by recognized publications.