FXCM and OANDA Increase US Market Share in August

GAIN CAPITAL and INTERACTIVE BROKERS yielded declines MoM in Retail Forex Obligations.

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.

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The statistics show a variety of findings, notably data for FCMs that are registered as Retail Foreign Exchange Dealers (RFEDs) and those also included as broker dealers that hold retail forex 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.

Total Amount of Retail Forex Obligation for August, Source: CFTC
Total Amount of Retail Forex Obligation for August, Source: CFTC
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