Interactive Brokers Retail FX Funds Spike 11.8% in March, CFTC Data Shows

According to the latest tranche of data from 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 increased marginally by 0.73% MoM in March 2015 from the month of February.

The monthly gain overall in the US is largely background noise, on the heels of an earlier reported decrease of FX funds held at brokerages, which came in at just under -1% during the month of February.

The big winner in March was obviously Interactive Brokers (Nasdaq:IBKR), which rose 11.8% in retail funds in March, having led all brokers. Conversely, RJ O’brien and Associates and OANDA incurred monthly decreases in retail funds, falling -10.47% and -4.29% respectively.

The overall snapshot of March 2015’s retail FX funds has also continued from last month’s trend, showing a staunch market share of FXCM, which captured over a third of all funds in the United States (33.66%).

In addition, GAIN Capital (NYSE:GCAP) and OANDA each yielded a sizable market share during March 2015, coming in at 20.9% and 22.4% respectively. Other brokers of note included RJ O’Brien and Associates, which despite its double digit MoM change in retail FX funds (-10.47%) from February, managed to secure roughly 0.2% of the overall market share.

At the opposite end of the spectrum, Interactive Brokers (Nasdaq:IBKR) has seen a healthy market share of 10.2%, despite possessing the strongest MoM growth in retail FX funds relative to other US brokers in March 2015.