Alpari Group launches institutional trading platform Alpari Direct Pro powered by Currenex® Technology

The Alpari Group, one of the world’s fastest growing providers of online foreign exchange (FOREX) services, today announced the launch of Alpari Direct Pro, an institutional trading platform powered by Currenex®, a recognized and award-winning leader in the provision of innovative trading solutions to the active-trading segment of the Forex market.

Deep liquidity from multiple Tier-1 and Tier-2 banks
Powered by Currenex® technology, Alpari Direct Pro is tailored to the advanced demands of institutional Forex investors, ranging from smaller banks and financial institutions to hedge funds and CTAs. Alpari Direct Pro delivers interbank liquidity - aggregating feeds from multiple Tier-1 and Tier-2 banks - and displays their full depth of the market for transparent pricing.

Zero commission for the first three months
True to the Alpari Group’s commitment to offering advanced trading technology at the most competitive prices, institutional traders will pay no commission until January 20th 2010. To qualify, clients will need to trade a volume (nominal) of USD1 billion or currency equivalent per month (pro-rata) with commission being rebated the following month. Thereafter, very competitive commission terms will be offered. With a minimum USD 20,000 deposit, Alpari Direct Pro traders can place orders from just 10,000 units of base currency and can start trading 50 major and exotic currency pairs.

Straight through to the market
To ensure high-speed low latency execution and to empower traders with the tools to optimise market impact with reduced execution costs, Alpari Direct Pro features Straight Through Processing (STP), Non-Dealing Desk execution (NDD), full market depth for transparent pricing with fractional pips and integrated algorithmic models to support order execution.

Functionality to fit every strategy
Multiple order types give traders full control over order timing and execution. Furthermore, Alpari Direct Pro features intuitive and fast keypad trading capabilities, pre and post-trade allocation solutions, trade averaging functions, sophisticated order management, and comprehensive reporting tools.

Commenting on the new platform, Andrey Vedikhin, co-founder of the Alpari Group, said: “The Alpari Group now provides its institutional clients with one of the most comprehensive selections of advanced trading tools and expert resources available from any online Forex trading provider. We are also committed to offering a commission structure – starting with zero commission for the first three months of the platform’s launch – that is highly competitive and as compelling as the platform itself. Lowest cost trading matched with the highest level of platform functionality is what institutions demand today, and this is the combination that we are committed to delivering.”