Total amount of retail Forex obligations for all reporting US brokers (except Citi, IB, etc) grew by more than $22 million. Despite the unprecedented low Volatility this growth is not surprising: client assets pile up because clients are not trading and not losing money. This formula however isn't perfect - while Q1 2012 volatility was very low clients' profitability actually decreased.
OANDA's client assets increased by $15 million and FXCM added $4 million while Tradestation and GFT lost about $1.2 million each.
MB Trading's numbers were reported accurately however CFTC still didn't amend the error from February - last month it reported MB's capital as if being just $3 million which is clearly wrong.
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| Adjusted Net Capital | Total Amount of Retail Forex Obligation | |||||
|---|---|---|---|---|---|---|
| Feb 2012 | Mar 2012 | change | Feb 2012 | Mar 2012 | change | |
| ADVANCED MARKETS | 20,514,940 | 20,447,107 | (67,833) | 1,744,399 | 1,062,416 | (681,983) |
| ALPARI (US) | 26,494,182 | 24,137,708 | (2,356,474) | 10,150,727 | 10,785,751 | 635,024 |
| FXCM | 70,970,146 | 55,176,630 | (15,793,516) | 150,874,105 | 154,883,663 | 4,009,558 |
| FOREX CLUB | 22,280,354 | 22,247,374 | (32,980) | 2,929,012 | 3,055,925 | 126,913 |
| FX SOLUTIONS | 34,112,319 | 30,750,773 | (3,361,546) | 17,371,314 | 18,293,758 | 922,444 |
| FXDD | 27,752,368 | 26,216,219 | (1,536,149) | 37,577,236 | 38,509,797 | 932,561 |
| GAIN CAPITAL | 49,702,410 | 52,401,607 | 2,699,197 | 104,454,746 | 104,696,531 | 241,785 |
| GFT | 78,757,399 | 73,334,915 | (5,422,484) | 86,471,012 | 85,260,204 | (1,210,808) |
| ILQ | 22,057,972 | 21,378,421 | (679,551) | 10,839,362 | 12,238,651 | 1,399,289 |
| MB Trading | 3,531,864 | 23,161,703 | 19,629,839 | 33,090,112 | 33,217,071 | 126,959 |
| OANDA | 140,526,582 | 131,735,615 | (8,790,967) | 166,551,287 | 181,326,507 | 14,775,220 |
| PENSON | 103,472,532 | 119,103,337 | 15,630,805 | 32,122,024 | 32,176,472 | 54,448 |
| PFG | 31,267,263 | 30,114,931 | (1,152,332) | 31,084,408 | 33,989,472 | 2,905,064 |
| RJ OBRIEN | 198,224,186 | 201,906,335 | 3,682,149 | 2,347,468 | 2,087,589 | (259,879) |
| TRADESTATION/IBFX | 24,223,703 | 25,395,124 | 1,171,421 | 69,370,707 | 68,037,420 | (1,333,287) |
| XPRESSTRADE | 23,016,858 | 22,997,526 | (19,332) | 1,411,493 | 1,307,017 | (104,476) |
| Totals | 876,905,078 | 880,505,325 | 3,600,247 | 758,389,412 | 780,928,244 | 22,538,832 |
