It's our 19th anniversary!

Alpari Represented at Conference: "Problems and Outlook for Currency Trading in Russia"

Publication Date: May 16, 2012

Dear Clients,

Alpari's Valeriy Tarasov (Second from Left)

The second annual "Problems and Outlook for Currency Trading in Russia" conference was held on May 14, 2012, at the Finance University of the Government of the Russian Federation. Alpari was represented at the event by Public Relations Director Valeriy Tarasov and Alpari Trader's School Director Sergey Semyonov.

Discussions at the conference focused on the current state and future outlook of currency trading in Russia, and specifically questions of regulation and the development of institutions for training currency traders. Mr. Tarasov gave an address at the conference entitled "The Challenges of Creating a Professional Forex Environment".

"At this point, it's long since time to move from a general discussion of regulation of off-exchange retail Forex to gaining approval for specific initiatives. This means strengthening the regulatory framework of the industry, hashing out a definition of a Forex transaction and legally identifying a transaction's participants, establishing restrictions and specific requirements for advertising materials used by Forex companies, introducing a system of accounting for completed transactions, and a number of other issues," commented Mr. Tarasov.

Mr. Semenov, meanwhile, raised the question of uniform standards for the training of traders and suggested creating a Consultation Center and Trader Certification Center at the Financial University of the Government of the Russian Federation, a suggestion which was met with approval by the conference attendees.

"The question is acute because differences in the quantity and quality of various training programs leads to many traders not posessing a full understanding of the nature of currency trading, and as a result, suffering losses," noted Mr. Semyonov.

The conference was organized by the Association for Regional Banks in Russia, the National Association of Credit Brokers and Financial Consultants, the Financial University of the Government of the Russian Federation, the information agency Bankir.Ru, and the publication "Banks and the Business World."

Best Regards,
Alpari

Category: Awards and recognition

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