CFTC Data Shows Mostly Flat Changes for US Retail FX Funds in May, IB Advances

GAIN Capital was the notable exception as it reported a decline month-over-month.

The Commodity Futures Trading Commission (CFTC) has released its monthly composite of key figures and data for Futures Commission Merchants (FCMs), this time for the month ending in May 31, 2017. According to the CFTC dataset, three of the four FX firms listed notched increases in Retail Forex Obligations.

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The statistics didn’t show notable changes in terms of retail FX funds held at registered brokerages operating in the United States – an increase of 2.0% month-over-month was registered in May 2017, coming in at $533.9 million, compared with $524.8 million reported in April.

Out of the four reporting FCMs that hold Retail Forex Obligations, three of them reported higher figures in May – Interactive Brokers, OANDA Corporation and TD AMERITRADE. The largest single increase was made by Interactive Brokers, which saw a substantial growth of $6.3 million, or more than 19.0 percent month-over-month.

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GAIN Capital was the notable exception, as the biggest FX brokerage in the US yielded a decline month-over-month across its Retail Forex Obligations. The company saw a month-over-month loss of $3.4 million, falling -1.0 percent compared to April’s metrics.

The report covers data for FCMs that are registered as Retail Foreign Exchange Dealers (RFEDs) and those also included as broker dealers that hold retail forex obligations in the United States.

The chart listed below outlines the full list of all FCMs that held Retail Forex Obligations in the month ending in May 31, 2017 – for purposes of comparison, the figures have been included against their April 2017 counterparts to illustrate any disparities.

Total Amount of Retail Forex Obligation for May 2017, Source: CFTC



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