June 2012 CFTC FCM report reveals interesting facts

As every month (almost) CFTC releases some data that is being reported to it by its FCMs (including 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 brokers). From this month we'll start surveying all brokers who hold 'retail forex funds', not just forex brokers per-se as we did up until now. For May 2012 we reported mixed figures, but June 2012 seems to be even more interesting.

• Total retail forex funds grew by $83 million, mainly attributed to FXCM's increase of $84 million. FXCM commented that this is due to clients making money and depositing more money.
• Peregrine Financial Group (PFG) stopped reporting for obvious reasons.
• Penson sold its business to Knight Capital Group (parent of Hotspot) and too stopped reporting. In turn Knight Execution and Clearing Services is now reporting the same.
• OANDA lost about $23 million in client assets.
• Interactive Brokers, who've become the leader of clients profitability in Q2 2012, lost about $9 million.
• Gain Capital and GFT lead the list of brokers who managed to grow customer assets.

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