US Forex Dealers See Continued Decline, Opening Up Fresh Lows
- CFTC's US FX dealers' client obligations data marked a fresh all-time low, led by Interactive Brokers, shedding -15% MoM.
According to the latest 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 (FX) dealers (RFEDs) data released today by the US Commodity Futures Trading Commission (CFTC) in January, retail FX funds held at registered brokerages operating in the United States have decreased by double digits MoM compared with the month of December.
The monthly loss in January 2016 opens up a broader decline in total retail FX Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term in conjunction with last month – December 2015 saw a net decrease of -4.7% for all brokerages operating in the United States.
For the month ending January 2016 however, total retail FX obligations decreased again, this time by a more muted interval of -1.1% MoM from December 2015. The notable exception during January 2016 was Interactive Brokers (NASDAQ: IBKR), which saw its FX funds plunge -15.7% MoM, though deposits at all of its major competitors in the U.S. market rose – the one exception was Wedbush Securities, having lost -3.5% MoM.
The best performer MoM was GAIN Capital in January, which saw a slight 1.9% growth MoM in retail funds from December 2015. FXCM Inc (NYSE:FXCM) continued to be the biggest player in the US FX market with 32.8% of the market. GAIN Capital and OANDA Corporation were the next largest experiencing percentages of 25.1% and 18.0% respectively during January 2016.
US Market Share for Retail Foreign Exchange Dealers, Source: CFTC
According to the latest 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 (FX) dealers (RFEDs) data released today by the US Commodity Futures Trading Commission (CFTC) in January, retail FX funds held at registered brokerages operating in the United States have decreased by double digits MoM compared with the month of December.
The monthly loss in January 2016 opens up a broader decline in total retail FX Obligations Obligations In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you In finance, an obligation is a financial responsibility where the terms of a contract must be met. Should an obligation between parties fail then the party who is at default may face legal action. In this scenario, the guilty party will not only have to agree to pay the set amount to fulfill the contractual arrangement but may also be responsible for covering all legal proceedings cost. Routine payments or outstanding debt of any kind are considered financial obligations, so if someone owes you Read this Term in conjunction with last month – December 2015 saw a net decrease of -4.7% for all brokerages operating in the United States.
For the month ending January 2016 however, total retail FX obligations decreased again, this time by a more muted interval of -1.1% MoM from December 2015. The notable exception during January 2016 was Interactive Brokers (NASDAQ: IBKR), which saw its FX funds plunge -15.7% MoM, though deposits at all of its major competitors in the U.S. market rose – the one exception was Wedbush Securities, having lost -3.5% MoM.
The best performer MoM was GAIN Capital in January, which saw a slight 1.9% growth MoM in retail funds from December 2015. FXCM Inc (NYSE:FXCM) continued to be the biggest player in the US FX market with 32.8% of the market. GAIN Capital and OANDA Corporation were the next largest experiencing percentages of 25.1% and 18.0% respectively during January 2016.
US Market Share for Retail Foreign Exchange Dealers, Source: CFTC