GAIN Capital Retail FX Funds Rise in April, CFTC Data Shows

According to the latest 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 (RFEDs) data released today by the US Commodity Futures Trading Commission (CFTC CFTC The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and regulates market activities against manipulation, fraud, and abuse trade practices and promotes fairness in futures contracts. The CEA also included the Sad-Johnson Agreement, which defined the authority and responsibilities for the monitoring of financial contracts between the Commodity Futures Trading Commission and the Securities and Exchange Commiss The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and regulates market activities against manipulation, fraud, and abuse trade practices and promotes fairness in futures contracts. The CEA also included the Sad-Johnson Agreement, which defined the authority and responsibilities for the monitoring of financial contracts between the Commodity Futures Trading Commission and the Securities and Exchange Commiss Read this Term), retail FX funds held at registered brokerages operating in the United States have decreased by 1.59% MoM in April 2015 compared with the month of March.

The monthly drop in April has brought the overall market size to lower than it has been before March's marginal increase of 0.73% MoM. Moreover, most of the relevant brokers have suffered drops in the amounts of FX funds they held in April.

The notable exception was GAIN Capital (NYSE: GCAP) which FX funds rose by 1.13% while its major competitors in the American market suffered. Smaller America FX player RJ O’Brien and Associates experienced a bigger jump in held FX funds, as measured by relative percentages, with over 15% rise.

By looking at the breakdown of the market share we can see that FXCM (NYSE: FXCM) remained the biggest player in the American FX market with 33% of the market. Still, this April 2015 figure shows a drop in market share for FXCM from 33.6% the previous month. GAIN Capital and OANDA seem to benefit from FXCM's misfortune and increase their American FX market share in April.

In addition to FXCM, Interactive Brokers and MB Trading also had a relatively weak April which translated into a smaller market share. Meanwhile the market share of RJ O’Brien remained almost marginal at 0.2%.