Three of the four FX firms listed notched increases in Retail Forex Obligations.
The Commodity Futures Trading Commission (CFTC) has released its monthly report for August 2017 which covers data for FCMs that are registered as Retail Foreign Exchange Dealers (RFEDs) and those included as broker dealers that hold retail Forex obligations in the United States. The latest data shows a total marginal change month-over-month from July, though differences amongst each broker were more pronounced.
Retail forex deposits in the US have been largely flat or skewed slightly positively during August. The FX funds held at registered brokerages operating in the United States came at $521 million in August 2017, a marginal advance of less than one percent month-over-month compared with $519 million reported in July.
According to the CFTC dataset, three of the four FX firms listed notched increases in Retail Forex Obligations including GAIN Capital, OANDA Corporation and TD AMERITRADE. The best performer for the month was OANDA which saw an overall rise of $4.7 million to $168.2 million at the end of August 2017, compared to $163.5 million at the end of July, or an increase by 3 percent month-over-month.
Meanwhile, the single loss was made by Interactive Brokers, which saw a drop of $5.1 million, or more than -12 percent month-over-month. Interactive Brokers was the notable exception in the previous reported month, as the broker dealer saw substantial growth month-over-month across its Retail Forex Obligations. The company notched an increase over last month’s figure by $5.23 million, gaining 13.0 percent compared to June’s metrics.
Looking at the market share of different brokers, distribution remained unchanged in August relative to the month prior. GAIN Capital remained the leader in terms of market share, commanding a 49.0 percent share. OANDA also solidified its stance as the second largest in the US with 32.0 percent market share – TD Ameritrade and Interactive Brokers retain a 11.0 and 7.0 percent share respectively.
The chart listed below outlines the full list of all FCMs that held Retail Forex Obligations in the month ending in August 30, 2017 – for purposes of comparison, the figures have been included against their July 2017 counterparts to illustrate disparities.
The Commodity Futures Trading Commission (CFTC) has released its monthly report for August 2017 which covers data for FCMs that are registered as Retail Foreign Exchange Dealers (RFEDs) and those included as broker dealers that hold retail Forex obligations in the United States. The latest data shows a total marginal change month-over-month from July, though differences amongst each broker were more pronounced.
Retail forex deposits in the US have been largely flat or skewed slightly positively during August. The FX funds held at registered brokerages operating in the United States came at $521 million in August 2017, a marginal advance of less than one percent month-over-month compared with $519 million reported in July.
According to the CFTC dataset, three of the four FX firms listed notched increases in Retail Forex Obligations including GAIN Capital, OANDA Corporation and TD AMERITRADE. The best performer for the month was OANDA which saw an overall rise of $4.7 million to $168.2 million at the end of August 2017, compared to $163.5 million at the end of July, or an increase by 3 percent month-over-month.
Meanwhile, the single loss was made by Interactive Brokers, which saw a drop of $5.1 million, or more than -12 percent month-over-month. Interactive Brokers was the notable exception in the previous reported month, as the broker dealer saw substantial growth month-over-month across its Retail Forex Obligations. The company notched an increase over last month’s figure by $5.23 million, gaining 13.0 percent compared to June’s metrics.
Looking at the market share of different brokers, distribution remained unchanged in August relative to the month prior. GAIN Capital remained the leader in terms of market share, commanding a 49.0 percent share. OANDA also solidified its stance as the second largest in the US with 32.0 percent market share – TD Ameritrade and Interactive Brokers retain a 11.0 and 7.0 percent share respectively.
The chart listed below outlines the full list of all FCMs that held Retail Forex Obligations in the month ending in August 30, 2017 – for purposes of comparison, the figures have been included against their July 2017 counterparts to illustrate disparities.
Interactive Brokers Posts Strong April Metrics, Daily Average Revenue Trades Soar 33%
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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