All the four reporting FCMs that hold Retail Forex Obligations registered lower figures in March.
Bloomberg
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 on March 31, 2018.
The statistics didn’t show notable changes in terms of retail FX funds held at registered brokerages operating in the United States – a drop of 2.0 percent month-over-month was seen in March 2018 with a result of $510.6 million, compared with $519.1 million reported in February.
According to the CFTC dataset, all the four reporting FCMs that hold Retail Forex Obligations registered lower figures in March – GAIN Capital, OANDA Corporation, and TD AMERITRADE. The largest loss was made by TD Ameritrade, a brokerage firm based in Omaha, Nebraska. The TD Bank's affiliate firm saw a drop of $1.8 million, or more than 3.0 percent month-over-month.
In addition, GAIN Capital reported a decrease over last month’s figure by nearly $4 million, to $239 million at the end of March 2018, compared with $243 million at the end of February, or a decrease by -2 percent MoM.
Interactive Brokers wasn’t an exception, though the broker-dealer saw a less substantial decline month-over-month across its Retail Forex Obligations. The largest U.S. electronic brokerage firm, as measured by DARTs, saw an overall drop to $42.7 million, shedding one percent compared to February’s metrics.
Finally, OANDA Corporation lost $2.33 million of clients’ deposits in March, coming in at $172 million, the data shows.
The report covers 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.
Looking at the market share of different brokers, distribution remained unchanged in March relative to the month prior. GAIN Capital remained the leader in terms of market share, commanding a 48.0 percent share. OANDA also solidified its stance as the second largest in the US with 33.0 percent market share – TD Ameritrade and Interactive Brokers retain a 12.0 and 8.0 percent share respectively.
The chart listed below outlines the full list of all FCMs that held Retail Forex Obligations in the month ending on March 31, 2018 – for purposes of comparison, the figures have been included against their February 2018 counterparts to illustrate disparities.
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 on March 31, 2018.
The statistics didn’t show notable changes in terms of retail FX funds held at registered brokerages operating in the United States – a drop of 2.0 percent month-over-month was seen in March 2018 with a result of $510.6 million, compared with $519.1 million reported in February.
According to the CFTC dataset, all the four reporting FCMs that hold Retail Forex Obligations registered lower figures in March – GAIN Capital, OANDA Corporation, and TD AMERITRADE. The largest loss was made by TD Ameritrade, a brokerage firm based in Omaha, Nebraska. The TD Bank's affiliate firm saw a drop of $1.8 million, or more than 3.0 percent month-over-month.
In addition, GAIN Capital reported a decrease over last month’s figure by nearly $4 million, to $239 million at the end of March 2018, compared with $243 million at the end of February, or a decrease by -2 percent MoM.
Interactive Brokers wasn’t an exception, though the broker-dealer saw a less substantial decline month-over-month across its Retail Forex Obligations. The largest U.S. electronic brokerage firm, as measured by DARTs, saw an overall drop to $42.7 million, shedding one percent compared to February’s metrics.
Finally, OANDA Corporation lost $2.33 million of clients’ deposits in March, coming in at $172 million, the data shows.
The report covers 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.
Looking at the market share of different brokers, distribution remained unchanged in March relative to the month prior. GAIN Capital remained the leader in terms of market share, commanding a 48.0 percent share. OANDA also solidified its stance as the second largest in the US with 33.0 percent market share – TD Ameritrade and Interactive Brokers retain a 12.0 and 8.0 percent share respectively.
The chart listed below outlines the full list of all FCMs that held Retail Forex Obligations in the month ending on March 31, 2018 – for purposes of comparison, the figures have been included against their February 2018 counterparts to illustrate disparities.
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Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
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We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
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Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
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We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
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Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
