CFTC Reports April FCM Data – FXCM Rises and OANDA Declines

The CFTC CFTC The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and regulates market activities against manipulation, fraud, and abuse trade practices and promotes fairness in futures contracts. The CEA also included the Sad-Johnson Agreement, which defined the authority and responsibilities for the monitoring of financial contracts between the Commodity Futures Trading Commission and the Securities and Exchange Commiss The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and regulates market activities against manipulation, fraud, and abuse trade practices and promotes fairness in futures contracts. The CEA also included the Sad-Johnson Agreement, which defined the authority and responsibilities for the monitoring of financial contracts between the Commodity Futures Trading Commission and the Securities and Exchange Commiss Read this Term reported April financial data for reporting FCMs. For 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 firms, there was very little change, as total Retail Forex Funds dropped $177,260 to $647,759,923. In this month’s data, Retail Funds for FX Solutions were reported as $0.00. The broker, who has exited the US market in February and sold its US client base to Gain Capital, had shown a $2,138,962 figure in March. This led us to speculate that those funds were from foreign based accounts that weren’t part of the companies transfer to Gain Capital. As such, after factoring out the current $2.1 million decline in Retail Forex Funds from FX Solutions, total US Retail Forex Funds actually grew $2 million during April.

Among individual names, the largest gainer was FXCM which saw account growth of $4.9 million, followed by Knight Capital which added $3.3 million in Retail Forex Funds. Heading firms that saw a drop in Retail Forex Funds, OANDA experienced a $3.9 million drop during April.