FXCM Increases US Market Share by 3% after IBFX MT4 Acquisition, FCM Data Reveals
- Total retail forex funds shed another 2% in September as volatility goes up, CFTC data shows. IBFX's MT4 accounts contributed between $15-20 million to FXCM's book, bringing its U.S. market share to 36%.
According to the latest batch of data filed by the Futures Commission Merchants (FCMs) and Retail Foreign Exchange Dealers (RFEDs) with the Commodity Futures Trading Commission's (CFTC) Division of Swap Dealer and Intermediary Oversight, retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term funds in September marked a second straight monthly decline, shedding another 2% in the most volatile month of the year so far.
This month's FCM data finally reflects the change in the U.S. marketplace after FXCM Inc (NYSE:FXCM) acquired a number of MT4 accounts from IBFX in September. Retail forex funds rose by $16.9 million in September, while IBFX lost $18.6 million. This brings the market share of the leader on the U.S. market to about 36% - up 3% from the month of August.
According to the official announcement back in September, FXCM Inc (NYSE:FXCM) reported that it had acquired approximately $63 million in client equity and 13,000 MT4 accounts from IBFX U.S. and Australia. With the FCM data available, Forex Magnates estimates that somewhere between $15 and 20 million of those funds were from U.S. accounts.
While customer deposits at OANDA have dropped by $4.4 million, the company retains its second position with 22% of the total. Clients of GAIN Capital now hold $7.3 million less, which brings the company's market share down one percentage point to 17%.
MB Trade's clients reduced their funds by $2.5 million, while clients of KCG Holdings recovered their holdings by $2.1 million.
While this may be a speculative assertion, the increased Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term on the FX market in September could have surprised many traders, hence the decline in absolute numbers of client funds revealed by the CFTC FCM data for September could be directly tied to the trading losses on customer accounts.
According to the latest batch of data filed by the Futures Commission Merchants (FCMs) and Retail Foreign Exchange Dealers (RFEDs) with the Commodity Futures Trading Commission's (CFTC) Division of Swap Dealer and Intermediary Oversight, retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term funds in September marked a second straight monthly decline, shedding another 2% in the most volatile month of the year so far.
This month's FCM data finally reflects the change in the U.S. marketplace after FXCM Inc (NYSE:FXCM) acquired a number of MT4 accounts from IBFX in September. Retail forex funds rose by $16.9 million in September, while IBFX lost $18.6 million. This brings the market share of the leader on the U.S. market to about 36% - up 3% from the month of August.
According to the official announcement back in September, FXCM Inc (NYSE:FXCM) reported that it had acquired approximately $63 million in client equity and 13,000 MT4 accounts from IBFX U.S. and Australia. With the FCM data available, Forex Magnates estimates that somewhere between $15 and 20 million of those funds were from U.S. accounts.
While customer deposits at OANDA have dropped by $4.4 million, the company retains its second position with 22% of the total. Clients of GAIN Capital now hold $7.3 million less, which brings the company's market share down one percentage point to 17%.
MB Trade's clients reduced their funds by $2.5 million, while clients of KCG Holdings recovered their holdings by $2.1 million.
While this may be a speculative assertion, the increased Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term on the FX market in September could have surprised many traders, hence the decline in absolute numbers of client funds revealed by the CFTC FCM data for September could be directly tied to the trading losses on customer accounts.