Except for three Futures Commission Merchants, the remaining 8 Forex Dealer Members holding Retail Forex Obligations for the month of February had decreases as volumes dipped globally in Foreign Exchange.
The U.S. Commodity Futures Trading Commission (CFTC) has released selected FCM financial Data for the month of February, and according to the 11 FCM’s that still hold Retail Forex Obligations, Month-over-Month drops were seen across the board.
The three that weathered the February storm were Interactive Brokers LLC (IB), Forex Capital Markets LLC (FXCM), and RJ OBrien & Associates which managed to grow the amount of retail forex obligations when compared to the month before, as Forex volumes had dipped globally for a number of FX brokers in February.
From the 11 FCMs reporting retail forex deposits, there was a gross increase of a combined $4.5M from the above three firms that had increases, and a gross decrease of $8M from the remaining 8 FCMs that had decreases MoM, and when adding these sub-totals the net-net difference a drop of $3.48M from January's total (including ILQ's figures that were previously omitted - see note below). Therefore, the total 11 firms represented $617,525,451 in combined retail forex obligations in January which decreased to $614,042,676 in February, and down almost 6 tenths of a percent MoM.
Perhaps the high volumes of January made February challenging, in terms of the higher benchmark set at the start of the year.
Second on the list in rankings for February according to the CFTC data is FXCM which managed to bring in nearly $1.7 M or a 1% increase in its retail forex obligations, as can be seen in the table below, and followed by RJ Obrien which managed a 3% increase or $370K higher month-over-month.
The remaining 8 Firms had decreases in the amount of retail forex obligations held in February when compared to January’s totals as per the CFTC data. However, following an omission of Institutional Liquidity LLC’s (ILQ) data for the month of January, Forex Magnates confirmed with a company spokesperson that the omission was due to a reporting error and we ascertained the number would have been $12,386,997 for the month of January, which now allows us to calculate the firms change MoM, as well as the entire group of FCM’s holding Retail Forex funds.
While for ILQ this might matter less now that it has announced its exit from the retail forex space in the U.S., with its bulk liquidation carried out just yesterday, the figures are nevertheless revealing of the trend for February when compared to the start of the year for the U.S. retail FX market. The biggest hit was indeed seen for ILQ's retail forex funds, followed by Gain Capital Group LLC, and the FXDirectDealer LLC (FXDD), as per the table below, when compared to January's totals.
Also noted is that there are few if any funds remaining for Alpari’s retail forex obligations since its U.S. book of retail fx business had since shifted to FXCM, yet we included it in the table as it still holds retail forex obligations albeit barely $40,000, as of February.
The table below uses CFTC data as of the end of February 2014, except for the figure from ILQ that was provided to Forex Magnates as noted above:
Forex Magnates last week released the Quarterly Industry Report for Q1 2014 (QIR1), which includes a detailed overview of executive interviews with FXCM's CEO Drew Niv, FXDD's CEO Joseph Botkier, and OANDA's Chief Strategy Officer Vatsa Narasimha, after we met with each them separately in their New York offices to discuss the challenges in the U.S. and in other parts of the world, as well as what the most important drivers of business are. That research, and nearly 100 pages of data, analysis, and detailed insights in FX, across other relevant topics during Q1 and beyond, are now available for ordering and electronic delivery.
The U.S. Commodity Futures Trading Commission (CFTC) has released selected FCM financial Data for the month of February, and according to the 11 FCM’s that still hold Retail Forex Obligations, Month-over-Month drops were seen across the board.
The three that weathered the February storm were Interactive Brokers LLC (IB), Forex Capital Markets LLC (FXCM), and RJ OBrien & Associates which managed to grow the amount of retail forex obligations when compared to the month before, as Forex volumes had dipped globally for a number of FX brokers in February.
From the 11 FCMs reporting retail forex deposits, there was a gross increase of a combined $4.5M from the above three firms that had increases, and a gross decrease of $8M from the remaining 8 FCMs that had decreases MoM, and when adding these sub-totals the net-net difference a drop of $3.48M from January's total (including ILQ's figures that were previously omitted - see note below). Therefore, the total 11 firms represented $617,525,451 in combined retail forex obligations in January which decreased to $614,042,676 in February, and down almost 6 tenths of a percent MoM.
Perhaps the high volumes of January made February challenging, in terms of the higher benchmark set at the start of the year.
Second on the list in rankings for February according to the CFTC data is FXCM which managed to bring in nearly $1.7 M or a 1% increase in its retail forex obligations, as can be seen in the table below, and followed by RJ Obrien which managed a 3% increase or $370K higher month-over-month.
The remaining 8 Firms had decreases in the amount of retail forex obligations held in February when compared to January’s totals as per the CFTC data. However, following an omission of Institutional Liquidity LLC’s (ILQ) data for the month of January, Forex Magnates confirmed with a company spokesperson that the omission was due to a reporting error and we ascertained the number would have been $12,386,997 for the month of January, which now allows us to calculate the firms change MoM, as well as the entire group of FCM’s holding Retail Forex funds.
While for ILQ this might matter less now that it has announced its exit from the retail forex space in the U.S., with its bulk liquidation carried out just yesterday, the figures are nevertheless revealing of the trend for February when compared to the start of the year for the U.S. retail FX market. The biggest hit was indeed seen for ILQ's retail forex funds, followed by Gain Capital Group LLC, and the FXDirectDealer LLC (FXDD), as per the table below, when compared to January's totals.
Also noted is that there are few if any funds remaining for Alpari’s retail forex obligations since its U.S. book of retail fx business had since shifted to FXCM, yet we included it in the table as it still holds retail forex obligations albeit barely $40,000, as of February.
The table below uses CFTC data as of the end of February 2014, except for the figure from ILQ that was provided to Forex Magnates as noted above:
Forex Magnates last week released the Quarterly Industry Report for Q1 2014 (QIR1), which includes a detailed overview of executive interviews with FXCM's CEO Drew Niv, FXDD's CEO Joseph Botkier, and OANDA's Chief Strategy Officer Vatsa Narasimha, after we met with each them separately in their New York offices to discuss the challenges in the U.S. and in other parts of the world, as well as what the most important drivers of business are. That research, and nearly 100 pages of data, analysis, and detailed insights in FX, across other relevant topics during Q1 and beyond, are now available for ordering and electronic delivery.
Interactive Brokers Settles Nasdaq Charges, Agrees to $475,000 Fine
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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