"This will serve to increase market transparency and strengthen traders' trust in brokers," - Victor Masalov, EXNESS

Victor Masalov, Executive Director of ForTrader.org magazine, is a guest of ForTrader.org editorial staff. EXNESS. Today we would like to discuss the issue of trading volume at -brokers, publications related to it, and the future of such checks.

FT: Many companies provide monthly trading statistics of their traders. Should we trust such data? Is it possible to check the reliability of such publications?

VM: It is actually impossible to verify such data. In some cases, companies are obliged to publish information about their activities, for example, if their shares are traded on the stock exchange. Everyone else publishes unconfirmed reports on their activities, and the question of trust in such publications is a question of trust in the broker.

FT: You are the first company that has decided to validate its data and metrics and have certified customer bidding figures with an audit firm. Tell us why you decided to start doing such audits?

VM: Precisely because transparency is one of the main principles of our relationship with our clients and partners, we have been publishing reliable data on our clients' bids on our website for several years now. official website. The decision to carry out an audit was precisely due to the desire to have our trading volumes certified by independent specialists in order to once and for all eliminate possible questions about the reliability of our published data. Such questions, of course, arise because our company is relatively new on the market, while showing excellent growth rates of indicators.

FT: Could you talk about some of the numbers and data that have been certified in your report? And what does that data provide for your clients?

VM: From January to April 2014, EXNESS' aggregate trading volume confirmed by auditors amounted to $610 billion, i.e. an average of $152.5 billion per month. The main conclusion that we can draw from the data presented is that EXNESS is in the top 10 international markets according to our estimates -brokers on the trading volume indicator.

This means that we are trusted by a huge number of traders from all over the world. We strive to provide our clients with the best trading conditions, encouraging them to make money on , and, therefore, to increase our profits by increasing trading volume.

FT: Do you think other brokerages will follow your example and why do you think competitor companies don't usually do so?

VM: If a company publishes real data about its activities, why shouldn't it do so? We are sure that many will follow our example; it will serve to increase market transparency in general and strengthen traders' trust in brokers.

FT: Will the passage of the law affect the requirements for brokers to disclose their financial statements?

VM: We predict that with the adoption of the law on market regulation in Russia, brokers will not be obliged to publicly disclose data on their performance. At the same time, reporting to the regulator will, of course, have to be provided in full.