OANDA and TD Ameritrade Register Substantial Increase in US Client Funds
- Data from the CFTC in March shows that both firms increased their client base materially.
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 clients of OANDA and TD Ameritrade increased their deposits with the brokers in March. According to the latest 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 dealers and futures commissions merchants dataset released from the US Commodity Futures Trading Commission (CFTC), the companies registered material growth.
Client funds held at OANDA increased by 9.3 percent to a total of just over $161 million, while the deposits held by TD Ameritrade’s customers rose by 4.8 percent in March.
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US retail forex funds, March 2017. Source: CFTC
In the aftermath of the exit of FXCM from the market, GAIN Capital benefited materially last month as the company reported that its market share reached about 53 percent. In March the gap decreased with OANDA gaining 2 percentage points to boost its stake in the US forex market from 29 to 31 percent.
GAIN Capital marked a small decline to 52 percent, only one percentage point lower than in February as deposits remained more or less flat. The other company that lost market share was Interactive Brokers, where client funds declined about 2 percent to about $54.5 billion.
US retail forex market share, March 2017. Source: CFTC
The total amount of retail forex funds held at retail foreign exchange dealers and futures commission merchants amounted to almost $524 million, a figure which was higher by 3.2 percent year-on-year.
Back in March, OANDA introduced a new product in the US - a raw spreads offering that requires clients to deposit at least $10,000. The firm’s offering might have triggered a slew of deposits from clients that were previously holding money offshore or withholding from trading altogether.
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 clients of OANDA and TD Ameritrade increased their deposits with the brokers in March. According to the latest 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 dealers and futures commissions merchants dataset released from the US Commodity Futures Trading Commission (CFTC), the companies registered material growth.
Client funds held at OANDA increased by 9.3 percent to a total of just over $161 million, while the deposits held by TD Ameritrade’s customers rose by 4.8 percent in March.
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US retail forex funds, March 2017. Source: CFTC
In the aftermath of the exit of FXCM from the market, GAIN Capital benefited materially last month as the company reported that its market share reached about 53 percent. In March the gap decreased with OANDA gaining 2 percentage points to boost its stake in the US forex market from 29 to 31 percent.
GAIN Capital marked a small decline to 52 percent, only one percentage point lower than in February as deposits remained more or less flat. The other company that lost market share was Interactive Brokers, where client funds declined about 2 percent to about $54.5 billion.
US retail forex market share, March 2017. Source: CFTC
The total amount of retail forex funds held at retail foreign exchange dealers and futures commission merchants amounted to almost $524 million, a figure which was higher by 3.2 percent year-on-year.
Back in March, OANDA introduced a new product in the US - a raw spreads offering that requires clients to deposit at least $10,000. The firm’s offering might have triggered a slew of deposits from clients that were previously holding money offshore or withholding from trading altogether.