CFTC Forex Dealers Data: GAIN Capital & FXCM Mark Increases in November
- GAIN Capital and FXCM have both solidified their leadership positions on the U.S. retail foreign exchange market.
GAIN Capital (NYSE:GCAP) and FXCM Inc (NYSE:FXCM) have enjoyed a positive month in November, as retail client funds deposited with both brokerages ticked up in November. The data publicized by the U.S. Commodity Futures Trading Commission revealed a stagnant market, with both leaders of the pack maintaining their solid positions.
With a limited number of brokers operating in the U.S. market we are seeing more consolidation in the industry every passing year. In May 2014 we saw the exit of FXDD, with MB Trading following this year after the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term by GAIN Capital.
The figures which are published by the CFTC typically lag a month, with the November report being the first that reflects the exit of MB Trading and futures broker RJ O’Brien from the 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 market.
Looking at the total deposits which clients held with the brokers, they have remained more or less flat. The total figure increased by about $2.9 million which is a half per cent higher than the number reported at the end of October 2015.
FXCM and GAIN Capital were the top gainers in November, Source: U.S. CFTC
FXCM Inc had the biggest gains during the month with total client funds increasing by 3.35 per cent month-on-month. November has also been positive for the second largest holder of funds, GAIN Capital - the company has bettered its position with an increase of almost 2.2 per cent.
Looking at the state of play amongst all major players in the industry, Interactive Brokers (NYSE:IBKR) registered a notable decline in November, shedding almost 17.3 per cent of client funds. This particular brokerage typically registers the biggest change on a monthly basis due to the fairly large clients which it caters to.
FXCM Inc and GAIN Capital remain in the lead, with 33 and 24 per cent of the client deposits in the U.S. respectively, while OANDA is in distant third spot, holding 18 per cent. The race heats up if we look at the fourth spot by market size with Interactive Brokers, IBFX with the TradeStation platform and Canadian Wedbush Securities all showing very similar performances.
U.S. forex brokers' market share according to the November 2015 CFTC Report, Source: U.S. CFTC
GAIN Capital (NYSE:GCAP) and FXCM Inc (NYSE:FXCM) have enjoyed a positive month in November, as retail client funds deposited with both brokerages ticked up in November. The data publicized by the U.S. Commodity Futures Trading Commission revealed a stagnant market, with both leaders of the pack maintaining their solid positions.
With a limited number of brokers operating in the U.S. market we are seeing more consolidation in the industry every passing year. In May 2014 we saw the exit of FXDD, with MB Trading following this year after the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term by GAIN Capital.
The figures which are published by the CFTC typically lag a month, with the November report being the first that reflects the exit of MB Trading and futures broker RJ O’Brien from the 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 market.
Looking at the total deposits which clients held with the brokers, they have remained more or less flat. The total figure increased by about $2.9 million which is a half per cent higher than the number reported at the end of October 2015.
FXCM and GAIN Capital were the top gainers in November, Source: U.S. CFTC
FXCM Inc had the biggest gains during the month with total client funds increasing by 3.35 per cent month-on-month. November has also been positive for the second largest holder of funds, GAIN Capital - the company has bettered its position with an increase of almost 2.2 per cent.
Looking at the state of play amongst all major players in the industry, Interactive Brokers (NYSE:IBKR) registered a notable decline in November, shedding almost 17.3 per cent of client funds. This particular brokerage typically registers the biggest change on a monthly basis due to the fairly large clients which it caters to.
FXCM Inc and GAIN Capital remain in the lead, with 33 and 24 per cent of the client deposits in the U.S. respectively, while OANDA is in distant third spot, holding 18 per cent. The race heats up if we look at the fourth spot by market size with Interactive Brokers, IBFX with the TradeStation platform and Canadian Wedbush Securities all showing very similar performances.
U.S. forex brokers' market share according to the November 2015 CFTC Report, Source: U.S. CFTC