Total Retail Forex Deposits in the US Rise in January to $531m

The US Commodity Futures Trading Commission has reported its latest data collected from 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) operating under its jurisdiction for the first month of 2017. The statistics show that the total size of the retail market in January managed to grow on a month-over-month basis.

More specifically, 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 obligations of the companies amounted to $532.4 million, justifying a growth of 1.3 percent on a month-over-month basis from $525.7 million in December 2016.

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For the second month in a row, Interactive Brokers secured the widest margin of growth, growing its forex obligations by 9.4 percent month-over-month. The remaining composite of brokers all managed to finish positively in this space with the exception of Gain Capital, which lost -1.3 percent month-over-month in January 2017.

FXCM also continued its streak as the biggest brokerage in the US with OANDA a distant second, followed by GAIN Capital. Overall FXCM in January 2017 34 percent of the US retail forex market with OANDA following with 26 percent, while GAIN Capital’s share decreased by one percentage point to 24 percent. TD Ameritrade has about 10 percent of the total, while Interactive Brokers is last with about 6 percent.

Looking ahead, the next batch of data in February 2017 is likely to feature a shakeup given the fallout of FXCM and its consequent regulatory crackdown.