CFTC Data Shows Flat Growth in Retail FX Deposits for June
- After consecutive increases in its market share, IG US has suffered a slight drop in retail deposits in June 2020.
Data from the US securities regulator for June shows that all registered retail FX platforms added less than $5 million in clients’ deposits. The less than 1 percent increase came as trading activity surged in other segments. This was amid a boom in retail investments during an unprecedented time for financial markets.
After consecutive increases in its market share, IG US suffered a slight drop in retail deposits in June 2020. Specifically, the broker’s net balances decreased by $118,000, or 1 percent, to $20.7 million. In contrast, the US arm of Europe’s largest spread has been the best performer over the last year, after recording an overall rise of nearly 600 percent in traders' deposits. This is relative to the figures it made when the company re-launched its operations a year ago.
Other highlights from the CFTC’s monthly report shows that Interactive Brokers LLC (NASDAQ:IBKR) has racked up $3.8 million in additional deposits. This stood at $64.4 million in June 2020. In the same month, the electronic brokerage segment at Interactive Brokers, which deals with clearance and settlement of trades for individual and institutional clients globally, experienced a rush of activity with volumes rising by 131 percent year-on-year and nearly 13 percent on a monthly basis.
Meanwhile in July, GAIN Capital saw an increase of nearly $1 million, while retail funds at OANDA Corporation plummeted. The funds dropped by more than $320,000. Additionally, TD Ameritrade showed some minor changes in clients deposits, having risen by $618,00 or 1 percent month-over-month.
The chart listed below outlines the full list of all FCMs that held 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 Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term in the month ending June 30, 2020. For purposes of comparison, the figures have been included against their May 2020 counterparts to illustrate disparities.
CFTC data
Data from the US securities regulator for June shows that all registered retail FX platforms added less than $5 million in clients’ deposits. The less than 1 percent increase came as trading activity surged in other segments. This was amid a boom in retail investments during an unprecedented time for financial markets.
After consecutive increases in its market share, IG US suffered a slight drop in retail deposits in June 2020. Specifically, the broker’s net balances decreased by $118,000, or 1 percent, to $20.7 million. In contrast, the US arm of Europe’s largest spread has been the best performer over the last year, after recording an overall rise of nearly 600 percent in traders' deposits. This is relative to the figures it made when the company re-launched its operations a year ago.
Other highlights from the CFTC’s monthly report shows that Interactive Brokers LLC (NASDAQ:IBKR) has racked up $3.8 million in additional deposits. This stood at $64.4 million in June 2020. In the same month, the electronic brokerage segment at Interactive Brokers, which deals with clearance and settlement of trades for individual and institutional clients globally, experienced a rush of activity with volumes rising by 131 percent year-on-year and nearly 13 percent on a monthly basis.
Meanwhile in July, GAIN Capital saw an increase of nearly $1 million, while retail funds at OANDA Corporation plummeted. The funds dropped by more than $320,000. Additionally, TD Ameritrade showed some minor changes in clients deposits, having risen by $618,00 or 1 percent month-over-month.
The chart listed below outlines the full list of all FCMs that held 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 Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term in the month ending June 30, 2020. For purposes of comparison, the figures have been included against their May 2020 counterparts to illustrate disparities.
CFTC data