GAIN Capital Gains US Market Share in October after MB Trading Flow Added

Following the publication of official data from the U.S. Commodity Futures Trading Commission (CFTC), we can review the final results from the latest round of consolidation of the 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 market in the U.S.

The acquisition of the client assets of MB Trading by TradeKing, has benefited GAIN Capital, as MB Trading's license was dropped for TradeKing to become an introducing broker for the second biggest brokerage by assets in the U.S.

As a result, the retail forex funds held at GAIN Capital have ballooned 15 percent, reaffirming its second place position in terms of the market share in the U.S. The company is now holding about 24 percent of total client assets, trailing behind FXCM, which has 32 percent of the total, but comfortably ahead of OANDA in third spot with 18 percent.

Looking at the next three, the differences between Interactive Brokers, IBFX and Canadian Wedbush Securities are tight, with the companies respectively holding 10, 9 and 8 percent of the total U.S. market.

The total number of retail forex funds during the month of October remained largely unchanged as the market activity hasn’t been material enough to affect the figures.

Looking back to the beginning of the year, when the Swiss National Bank (SNB) induced shock to the industry and shifted the scales, FXCM is looking solid, as it is now holding more client assets than before the event. During the same 10 month period, the retail forex funds held with GAIN Capital have grown by about 30 percent, which is a substantial increase for such a short period of time.

Half of GAIN Capital's growth was organic, while the other half was the acquisition of the client assets of MB Trading by TradeKing.