The Alpari Group has launched Alpari Direct Pro, an institutional trading platform powered by Currenex.

Alpari Direct Pro is tailored to institutional forex investors, ranging from smaller banks and financial institutions to hedge funds and CTAs. Alpari Direct Pro is designed to deliver interbank liquidity - aggregating feeds from multiple Tier-1 and Tier-2 banks - and displays their depth of the market for transparent pricing.

Institutional traders will pay no commission until January 20th 2010. To qualify, clients will need to trade a volume of $1 billion (£607 million) 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 $20,000 (£12,000) 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.