The CFTC has posted financials for US FCM’s for the month of July. Similar to other months, there were few surprises in the figures, as all forex brokers were holding adequate capital. Among forex firms, the data showed a decline in customer deposits. During the month, total Retail Forex Funds dropped 1.2% to $629.75 million from June.
In individual names, the largest drop was seen at FXCM, whose $146 million total of Retail Forex Funds declined slightly more than $5 million from June. The largest percentage drop was seen at Alpari. The broker continues to experience weakness in its US retail customer deposits, as total figures dropped $1.22 million (10.5%) to $10.33 million. For perspective, Alpari ended 2012 by reporting $15,568,447 in Retail Forex Funds. The decline comes even as the broker tries to revitalize its US operations with the launch of trading schools. Among US brokers, following the exits of GFT, FX Solutions, and FX Club from the US, Alpari’s name has been raised among other possible firms that could exit.
Why Ethereum Needs Layer 2 Solutions More Than EverGo to article >>
Among new additions, FIXI Americas was added to CFTC’s list of reporting FCM’s. The firm is the newly launched US division of London Prime Broker, FIXI.