CFTC data

FXCM Deposits Grow in June, While Those at OANDA and IB Drop

The June CFTC dataset providing information about client holdings at different brokers has been relatively noisy

Just after one of the biggest increases in client funds held for foreign exchange trading at Interactive Brokers was registered in May, the figure collapsed in June. Not only did Retail Forex Obligations of the broker give back the previous month’s gains, but also dropped another 15 percent.

The total decline for Interactive Brokers’ clients totaled 27 percent, with OANDA shedding 7 percent. The figures have not all been gloom and doom however, the figures for FXCM Inc (NYSE:FXCM) increased by 9.1 percent.

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CFTC FCM Data, FXCM, OANDA, Interactive Brokers, GAIN Capital
CFTC FCM Data for June 2015

GAIN Capital and the U.S. subsidiary of Japanese Monex Group, IBFX, reported flat figures when compared to the previous month’s values.

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Looking at the U.S. market share for the major brokers the decline has moved Interactive Brokers into 6th spot after FXCM, GAIN Capital, OANDA, IBFX and Wedbush Securities.

The leader of the pack, FXCM Inc, which just reported that its revenues per million (RPM) collapsed, and registered almost half a billion of losses in the first half of the year has taken its market share to above one third.

Despite the 7 percent decline for the month of June, OANDA remains in a position to challenge the second spot of GAIN Capital.

CFTC FCM Data, FXCM, OANDA, Interactive Brokers, GAIN Capital
U.S. Market Share by Broker
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