The best performer for the month was GAIN Capital which saw an overall rise of $12.0 million.
The Commodity Futures Trading Commission (CFTC) has published its anticipated monthly report for April 2018, which covers data for FCMs that are registered as Retail Foreign Exchange Dealers (RFEDs) and those included as broker-dealers that hold retail Forex obligations in the United States.
The latest data shows a total positive change month-over-month from March, though differences amongst each broker were more pronounced. With no major changes recently, the sector is tracking for a stable start to the second quarter. However, the prospect of loosening regulations may soon revive interest in the US market among foreign brokers, or at least help brighten the outlook for a retail industry that has struggled for quite some time under the provisions of the Dodd-Frank legislation.
Jay Powell, the Fed chair appointed by President Donald Trump, told reporters last week that regulators were seeking to “replace overly complex and inefficient requirements with a more streamlined set of requirements”.
Retail forex deposits in the US have been largely skewed positively during April. The FX funds held at registered brokerages operating in the United States came in at $533.3 million in April 2018, which is 4 percent more than the $510 million reported in March.
According to the CFTC dataset, three of the four FX firms listed notched increases in Retail Forex Obligations including GAIN Capital, OANDA Corporation and TD AMERITRADE.
The best performer for the month was GAIN Capital which saw an overall rise of $12.0 million to $251.2 million at the end of April 2018, compared to $239 million at the end of March, or an increase by 5 percent month-over-month. In terms of percentages, TD AMERITRADE stands at a 9 percent increase on March’s figures, compared to more than 3.0 percent drop in the previous month.
Meanwhile, the single loss was made for the second consecutive month by Interactive Brokers, which saw a drop of $6.2 million, or nearly 15 percent month-over-month.
Looking at the market share of different brokers, the distribution slightly changed in April relative to the month prior. GAIN Capital remained the leader in terms of market share, commanding a 47.0 percent share, but shedding 1 percent from March. OANDA also solidified its stance as the second largest in the US with 34.0 percent market share – TD Ameritrade and Interactive Brokers retain a 12.0 and 7.0 percent share respectively.
The chart listed below outlines the full list of all FCMs that held Retail Forex Obligations in the month ending in April 30, 2018 – for purposes of comparison, the figures have been included against their March 2018 counterparts to illustrate disparities.
The Commodity Futures Trading Commission (CFTC) has published its anticipated monthly report for April 2018, which covers data for FCMs that are registered as Retail Foreign Exchange Dealers (RFEDs) and those included as broker-dealers that hold retail Forex obligations in the United States.
The latest data shows a total positive change month-over-month from March, though differences amongst each broker were more pronounced. With no major changes recently, the sector is tracking for a stable start to the second quarter. However, the prospect of loosening regulations may soon revive interest in the US market among foreign brokers, or at least help brighten the outlook for a retail industry that has struggled for quite some time under the provisions of the Dodd-Frank legislation.
Jay Powell, the Fed chair appointed by President Donald Trump, told reporters last week that regulators were seeking to “replace overly complex and inefficient requirements with a more streamlined set of requirements”.
Retail forex deposits in the US have been largely skewed positively during April. The FX funds held at registered brokerages operating in the United States came in at $533.3 million in April 2018, which is 4 percent more than the $510 million reported in March.
According to the CFTC dataset, three of the four FX firms listed notched increases in Retail Forex Obligations including GAIN Capital, OANDA Corporation and TD AMERITRADE.
The best performer for the month was GAIN Capital which saw an overall rise of $12.0 million to $251.2 million at the end of April 2018, compared to $239 million at the end of March, or an increase by 5 percent month-over-month. In terms of percentages, TD AMERITRADE stands at a 9 percent increase on March’s figures, compared to more than 3.0 percent drop in the previous month.
Meanwhile, the single loss was made for the second consecutive month by Interactive Brokers, which saw a drop of $6.2 million, or nearly 15 percent month-over-month.
Looking at the market share of different brokers, the distribution slightly changed in April relative to the month prior. GAIN Capital remained the leader in terms of market share, commanding a 47.0 percent share, but shedding 1 percent from March. OANDA also solidified its stance as the second largest in the US with 34.0 percent market share – TD Ameritrade and Interactive Brokers retain a 12.0 and 7.0 percent share respectively.
The chart listed below outlines the full list of all FCMs that held Retail Forex Obligations in the month ending in April 30, 2018 – for purposes of comparison, the figures have been included against their March 2018 counterparts to illustrate disparities.
1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
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1 week to go until FMAS:24 kicks off and we couldn't skip our interviews with some of this year's sponsors 🤩 Starting off strong with Hannelé De Necker, CEO OF IFX Brokers.
See you there!
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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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 🔗 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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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 🔗 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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FMAS:24 | Sneak Peak
FMAS:24 | Sneak Peak
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s 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 🔗 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 Africa’s 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 🔗 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
📣 Stay updated with the latest in finance and trading!
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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
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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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
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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
Register now to secure your spot: https://bit.ly/3JbUpCK
#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.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa