Hyderabad|India|August'2009: Alpari, one of the fastest global providers of online foreign exchange (FOREX, FX) trading services has announced its expansion plans and educational initiatives in India . Having launched its Indian operations formally in June 2009, the company is on a rapid expansion spree. Alpari India plans to build a strong network of IBs and sub-brokers in the state over a period of next 6-12 months. The company is also targeting the retail segment to strengthen its customer base through new acquisitions in the state of Andhra Pradesh.

Mr. Pramit Brahmbhatt, CEO, Alpari India said, “We have received a very encouraging response from the trading community to our Forex trading services in the last 2 months post our formal launch in India . Today, a sizeable number of investors and traders from across the various corners of the country have shown an interest in Alpari. We will be undertaking a series of educational and research initiatives to complement the trading activities of Indian Investor community.”

“Apart from extending our network through IBs and sub-brokers, we plan to heavily invest in educating Indian investors on currency trading through Alpari Academy . While currency trading presents an alternative avenue for investment to the retail investors, it also offers tremendous benefits to the corporates like IT companies, importer and exporters, who can use it for hedging their foreign currency risks and mitigate loses due to volatility in Forex rates,” added Mr. Brahmbhatt.

Alpari offers Forex trading to Indian institutional and retail customers. Individual traders, fund managers and institutional customers benefit from innovative and proprietary currency trading technology combined with quality execution. Alpari also provides expert and responsive customer support with a highly professional team.

Alpari’s commitment towards customer education is demonstrated by the company’s free training and educational Webinars, and video tutorials via the Alpari Academy . The Alpari Academy is a user-friendly, educational service committed to excellence in Forex coaching. It helps investors make more informed and responsible trading decisions.

Today, Indian currency exchanges are enjoying a daily turnover of above Rs 8000 crore within a year of their launch. As research data on the Indian Foreign Exchange market shows, there has been rapid growth from a daily turnover of just 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 near future. From a global perspective, the Foreign Exchange market had a daily turnover of US$ 3.8 trillion and is expected to surpass US$ 5 trillion by 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 (source: RBI).

Alpari offers 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 hour-trading, multi-lingual trading platforms, fifth decimal pricing format, free educational tools and other research services are some of the unique features available to investors trading through Alpari.