FCM October Data Shows Uptake in Retail FX Funds

The US Commodity Futures Trading Commission (CFTC) has reported financial data for regulated Futures Commission Merchants (FCMs) in the United States for the month of October, according to information released on the regulatory agency's website today.

Data for FCMs who are 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 Dealers (RFED) shows that out of the ten brokers five had increased retail 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 funds held from a month earlier. Total retail FX funds were up $10.4 million, 1.67% from figures posted in September.

The total funds held by brokers was $632,653,149, of the ten brokers reporting data, half saw an uptake in funds and half saw declining amounts. Last time Forex Magnates reported FCM data for RFEDs in November, there had been eleven reporting dealers for the month of September, and following Alpari's change in business strategy the number has now been reduced to ten as Alpari's withdrawal of its RFED status on October 31, 2013, followed according to information updated on the NFA's website.

In October, GAIN Capital saw the highest increase in monetary value of held Retail Forex Funds with over $5 million of additional funds, this was followed by FXCM whose clients' deposits stood at an additional $4.1 million over September. Brokers on the decreasing end all saw declines of less than $1 million, with the largest drop experienced by Interactive Brokers at $-924,342.

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