CFTC releases Q2 2011 financial data - overall retail forex deposits are $9 million lower

Thursday, 11/08/2011 | 07:29 GMT by Michael Greenberg
  • CFTC requires all its members to submit their own capital reports and for members (RFEDs and FCMs) the amount of retail forex obligations. For some reason this report wasn't made public since April and now CFTC made available the monthly reports for May, June and July. This allows us to track the amount of retail forex obligations for all US retail forex brokers.
CFTC releases Q2 2011 financial data - overall retail forex deposits are $9 million lower

CFTC requires all its members to submit their own capital reports and for members (RFEDs and FCMs) the amount of retail Forex Obligations . For some reason this report wasn't made public since April and now CFTC made available the monthly reports for May, June and July. This allows us to track the amount of retail forex obligations for all US retail forex brokers.

Important to note: the numbers here only include capital held at the reporting US subsidiaries whereas most brokers have several overseas subsidiaries which cater to non-US clients.

There is a decrease in overall obligations but it's hard to know whether this means that less traders trade with US forex brokers or whether some non-US clients moved to overseas subsidiaries of these brokers.

Grab your latest copy of the Forex Magnates Retail Forex Industry Report.

CFTC requires all its members to submit their own capital reports and for members (RFEDs and FCMs) the amount of retail Forex Obligations . For some reason this report wasn't made public since April and now CFTC made available the monthly reports for May, June and July. This allows us to track the amount of retail forex obligations for all US retail forex brokers.

Important to note: the numbers here only include capital held at the reporting US subsidiaries whereas most brokers have several overseas subsidiaries which cater to non-US clients.

There is a decrease in overall obligations but it's hard to know whether this means that less traders trade with US forex brokers or whether some non-US clients moved to overseas subsidiaries of these brokers.

Grab your latest copy of the Forex Magnates Retail Forex Industry Report.

About the Author: Michael Greenberg
Michael Greenberg
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