Interactive Brokers Gains US Market Share in May
- Although there were no drastic moves in May, Interactive Brokers saw the largest upward momentum with retail client deposits rising by 12% MoM.
According to the latest tranche of data from the US Commodity Futures Trading Commission (CFTC), retail FX funds held at major US 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 brokers have cumulatively declined by 1 percent. The seasonality of the trade could have been a factor as trading volumes in May registered declines in the US, particularly in the aftermath of a much stronger than usual first 4 months of the year.
The CFTC Retail Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Dealers' (RFED) data also points out that Interactive Brokers stands out as the biggest beneficiary for the month. A rise in client funds held at the broker totaling 11.6 percent in May has contributed to a marked increase in the company's market share. Interactive Brokers is now holding just about 11 percent of the US retail forex market.
During the month, FXCM customers added almost 1 percent to their funds while GAIN Capital deposits increased almost 2.5 percent. Both of the publicly listed companies which started their business as RFEDs have continued holding first and second place in terms of market share and the nominal number of client deposits.
The biggest loser for the month of May turned out to be OANDA, which shed about 4 percent of its customers' deposits. The decline during the month has brought the firm into third place in terms of cumulative market share with 21.8 percent. GAIN Capital has gone back to second place with 22 percent, while FXCM remains the leader with 33.4 percent.
According to the latest tranche of data from the US Commodity Futures Trading Commission (CFTC), retail FX funds held at major US 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 brokers have cumulatively declined by 1 percent. The seasonality of the trade could have been a factor as trading volumes in May registered declines in the US, particularly in the aftermath of a much stronger than usual first 4 months of the year.
The CFTC Retail Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Dealers' (RFED) data also points out that Interactive Brokers stands out as the biggest beneficiary for the month. A rise in client funds held at the broker totaling 11.6 percent in May has contributed to a marked increase in the company's market share. Interactive Brokers is now holding just about 11 percent of the US retail forex market.
During the month, FXCM customers added almost 1 percent to their funds while GAIN Capital deposits increased almost 2.5 percent. Both of the publicly listed companies which started their business as RFEDs have continued holding first and second place in terms of market share and the nominal number of client deposits.
The biggest loser for the month of May turned out to be OANDA, which shed about 4 percent of its customers' deposits. The decline during the month has brought the firm into third place in terms of cumulative market share with 21.8 percent. GAIN Capital has gone back to second place with 22 percent, while FXCM remains the leader with 33.4 percent.