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:
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:
T+1 Securities Settlement Looms: Why Automating FX Processes Becomes Key in Managing Risks
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 π 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 Africaβs 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 π 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 Africaβs 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 π 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
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#fmas #fmas24 #fmevents #networking #finance #africa
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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?
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#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.
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#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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