December data shows Retail Forex Obligations in the U.S. had a combined decrease of 1.28% across ten dealers, with only two reporting increases MoM, and Institutional Liquidity and RJ Obrien having the largest % decreases.
As the trading week came to a close on Friday, the Commodity Futures Trading Commission (CFTC) released selected data for Futures Commission Merchants (FCMs) for the month of December, including data for FCMs registered as Retail Foreign Exchange Dealers (RFEDs) and those registered as broker dealers, holding Retail Forex Obligations in the U.S.
The combined data across the ten firms that hold such funds showed a combined drop of 1.28%, from $608,598,353 in November to $600,781,807 at the end of December, a decrease of $7,816,546 over the prior month as 2013 concluded.
Forex Magnates had just reported at the end of January, the profitability for nine US retail FX firms including the number of accounts certain brokers had added, highlighting some of the parallel trends that took place, including in December. Below we compare December's changes, for the ten firms, as described.
Eight out of Ten FCMs Holding Retail Forex Obligation Saw December Taper
From the ten reporting FCMs holding Retail Forex Obligations, two had reported higher figures in December over November, including Interactive Brokers LLC with the largest gain at 7.93% or a $2,994,367 increase from $37,779,027 in November to $40,773,394 in December, and FXDirectDealer LLC (FXDD) with a less moderate increase of nearly 1 percent or 0.94% with its Retail Forex Obligations increasing from $27,508,312 in November to $27,776,386 in December, a change of $258,074 higher month-over-month (MoM).
For December, the remaining eight dealers had their share of Retail Forex Obligations decrease over the prior month, with the biggest $ drop from these eight seen at IBFX Inc, which had its retail funds decrease $3,148,174 or 4.42% to $67,997,066 MoM.
This was followed closely by OANDA Corporation with a $3,052,009 decrease to $126,448,623 a 2.36% decrease MoM, and with Institutional Liquidity LLC having a more significant percentage decrease with its December figures down 10.74% to $11,505,473, decreasing $1,385,071 over November.
Gain Capital also reported December's figures lower by the tune of $1,020,217, but this was barely even a percent or 0.99% lower than the $103,223,805 it reported in November to $102,203,588 in December 2013.
The largest percentage decrease from the eight dealers that reported lower figures in December when compared to November, was RJ OBRIEN Associates LLC, with a 29.41% drop from $565,689 down to $235,721, which indicates that it barely has much Retail Forex commitments remaining (comparatively speaking in the context of the ten dealers).
An excerpt from the full list of FCMs shows the ten that hold Retail Forex Obligations, with comparisons from November to December including MoM change in dollar terms and percentages, as well as the net total across all ten reporting FCMs:
CFTC Reported FCM Data for December 2013 for Retail Forex Obligations Held [Source CFTC.gov]
As the trading week came to a close on Friday, the Commodity Futures Trading Commission (CFTC) released selected data for Futures Commission Merchants (FCMs) for the month of December, including data for FCMs registered as Retail Foreign Exchange Dealers (RFEDs) and those registered as broker dealers, holding Retail Forex Obligations in the U.S.
The combined data across the ten firms that hold such funds showed a combined drop of 1.28%, from $608,598,353 in November to $600,781,807 at the end of December, a decrease of $7,816,546 over the prior month as 2013 concluded.
Forex Magnates had just reported at the end of January, the profitability for nine US retail FX firms including the number of accounts certain brokers had added, highlighting some of the parallel trends that took place, including in December. Below we compare December's changes, for the ten firms, as described.
Eight out of Ten FCMs Holding Retail Forex Obligation Saw December Taper
From the ten reporting FCMs holding Retail Forex Obligations, two had reported higher figures in December over November, including Interactive Brokers LLC with the largest gain at 7.93% or a $2,994,367 increase from $37,779,027 in November to $40,773,394 in December, and FXDirectDealer LLC (FXDD) with a less moderate increase of nearly 1 percent or 0.94% with its Retail Forex Obligations increasing from $27,508,312 in November to $27,776,386 in December, a change of $258,074 higher month-over-month (MoM).
For December, the remaining eight dealers had their share of Retail Forex Obligations decrease over the prior month, with the biggest $ drop from these eight seen at IBFX Inc, which had its retail funds decrease $3,148,174 or 4.42% to $67,997,066 MoM.
This was followed closely by OANDA Corporation with a $3,052,009 decrease to $126,448,623 a 2.36% decrease MoM, and with Institutional Liquidity LLC having a more significant percentage decrease with its December figures down 10.74% to $11,505,473, decreasing $1,385,071 over November.
Gain Capital also reported December's figures lower by the tune of $1,020,217, but this was barely even a percent or 0.99% lower than the $103,223,805 it reported in November to $102,203,588 in December 2013.
The largest percentage decrease from the eight dealers that reported lower figures in December when compared to November, was RJ OBRIEN Associates LLC, with a 29.41% drop from $565,689 down to $235,721, which indicates that it barely has much Retail Forex commitments remaining (comparatively speaking in the context of the ten dealers).
An excerpt from the full list of FCMs shows the ten that hold Retail Forex Obligations, with comparisons from November to December including MoM change in dollar terms and percentages, as well as the net total across all ten reporting FCMs:
CFTC Reported FCM Data for December 2013 for Retail Forex Obligations Held [Source CFTC.gov]
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Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
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Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
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We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
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Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
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Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
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He closes with a clear message: fraud is scaling, and so must the tools that stop it.
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We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
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Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
![CFTC Reported FCM Data for December 2013 for Retail Forex Obligations Held [Source CFTC.gov]](https://www.financemagnates.com/wp-content/uploads/fxmag/2014/02/FCMDEC2014.jpg)
