CFTC releases August 2011 financial data – total US forex deposits up $19 million
Every month or so CFTC releases financial data for its members. In the past year or so CFTC also releases
Every month or so CFTC releases financial data for its members. In the past year or so CFTC also releases the total amount of retail forex obligations for retail forex brokers (under FCMRFD and RFED statuses) which shows us how much ‘retail money’ is held by US forex brokers.
Although in the past few months total amount wasn’t growing it did grew quite a lot between July and August 2011 – in fact it rose by almost $20 million.
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Biggest gain was by FXCM which grew by over $11 million, far behind are OANDA with $5 million and surprisingly ILQ with $4 million.
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| Aug-11 | Jul-11 | Change | |
|---|---|---|---|
| ADVANCED MARKETS LLC | 1,527,782 | 1,675,783 | (148,001) |
| ALPARI (US) LLC | 10,829,320 | 9,656,590 | 1,172,730 |
| FOREX CAPITAL MARKETS LLC | 145,264,186 | 134,040,016 | 11,224,170 |
| FOREX CLUB LLC | 3,097,749 | 2,997,656 | 100,093 |
| FX SOLUTIONS LLC | 17,325,490 | 17,225,895 | 99,595 |
| FXDIRECTDEALER LLC | 33,756,982 | 36,619,513 | (2,862,531) |
| GAIN CAPITAL GROUP LLC | 97,819,890 | 98,085,796 | (265,906) |
| GLOBAL FUTURES & FOREX LTD | 91,754,561 | 93,689,526 | (1,934,965) |
| INSTITUTIONAL LIQUIDITY LLC | 5,207,838 | 1,170,601 | 4,037,237 |
| INTERBANK FX LLC | 31,623,759 | 31,516,768 | 106,991 |
| MB TRADING FUTURES INC | 32,828,208 | 32,935,057 | (106,849) |
| OANDA CORPORATION | 161,477,887 | 155,761,706 | 5,716,181 |
| TRADESTATION FOREX INC | 37,336,604 | 35,719,800 | 1,616,804 |
| XPRESSTRADE LLC | 578,289 | 17,720 | 560,569 |
| Total | 670,428,545 | 651,112,427 | 19,316,118 |
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Michael Greenberg
thank you very much
don’t know them, but they appear to fall in the latter group of companies. Targeting larger accounts and their posted gains are aggressive, but not crazy. The red flags are that there is no list of who is behind them. Also, if you claim to be active for two years, how about some audited results. What I tell anyone who wants to launch a legit managed fund, is to spend the $$’s and be audited by a big four firm. Its the closest thing to real authority in this business.
don’t know them, but they appear to fall in the latter group of companies. Targeting larger accounts and their posted gains are aggressive, but not crazy. The red flags are that there is no list of who is behind them. Also, if you claim to be active for two years, how about some audited results. What I tell anyone who wants to launch a legit managed fund, is to spend the $$’s and be audited by a big four firm. Its the closest thing to real authority in this business.
@Chooks – you are right about the due diligence when the firm was established. However in the case of non Australian citizens who reside there, Australia cannot make them surrender their passport, they only do that to Australian citizens – In this case, I guess Mr. Riaz was able to exit the country on his passport issued by his country of citizenship.
@Chooks – you are right about the due diligence when the firm was established. However in the case of non Australian citizens who reside there, Australia cannot make them surrender their passport, they only do that to Australian citizens – In this case, I guess Mr. Riaz was able to exit the country on his passport issued by his country of citizenship.
why they don’t publish info about Ameritrade?
that’s why, because Ameritrade does provide forex
and therefore should be included in this report