FXCM and OANDA Increase US Market Share in August

The Commodity Futures Trading Commission (CFTC) has released its monthly composite of key figures and data for Futures Commission Merchants (FCMs), this time for the month ending in August 2016.

The FM London Summit is almost here. Register today!

The statistics show a variety of findings, notably data for FCMs that are registered as Retail Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Dealers (RFEDs) and those also included as broker dealers that hold retail 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 obligations in the United States. According to the CFTC dataset, over half of the FX firms listed notched increases in Retail Forex Obligations – collectively, this entailed an overall rise to $519,490,370 at the end of August, compared to $510,516,952 at the end of July, or a modest increase of 1.75 percent MoM.

Out of the five reporting FCMs that hold Retail Forex Obligations, three of them (Forex Capital Markets LLC (FXCM), OANDA Corporation and TD AMERITRADE) reported higher figures in August – the largest single increase was made by OANDA, which saw a meteoric surge of $7,749,713, up 6.0 percent MoM.

Conversely, GAIN CAPITAL and INTERACTIVE BROKERS yielded declines MoM in Retail Forex Obligations. The single largest drop was held by Interactive Brokers, which saw a MoM decline of $1,599,150, falling -4.6 percent compared to July’s metrics – alternatively, GAIN CAPITAL saw its Retail Forex Obligation plunge $928,714, or an incremental decrease of 0.72 percent MoM.

The chart listed below outlines the full list of all FCMs that held Retail Forex Obligations in the month ending in August 31, 2016 – for purposes of comparison, the figures have been included against their July counterparts to illustrate any disparities.