FX trade volumes witnessed a dismal summer with the largest players such as EBS and Reuter’s experiencing trade downfalls of 49% and 30% respectively. FCM figures for August show Retail Assets have increased from a month earlier thus giving positive signs for the retail market.
ADM a commodity and derivatives broker seems to be exiting the FX pace as for the second month in a row they have zero retail assets. ADM offers trading on Currenex and might have changed its strategy to deal with professional clients only.
GFT have somewhat surprising figures, their Retail Forex Funds inceased by 14% despite the firm making major changes with staff redundancies.
The world’s largest FX broker FXCM saw excellent figures in Retail Forex Funds with an increase of 45% MoM - increase of $112 million which adds to an increase of $86 million the month before. When contacted by Forex Magnates Drew Niv CEO and President of FXCM said that ""It was a good month for growth in client equity, in particular some of our larger clients where we do very well deposited larger sums with us as currency markets became more volatile post-Summer."
Out of the 17 firms in the list 50% have increased their amount of Retail clients funds and 50% have decreased, FXDD has witnessed a decrease of nearly $2 million (ADM has zero balance).
Forex Magnates quarterly report provides details on Forex broker volumes from across the globe.
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| Jul-12 | Aug-12 | Jul-12 | Aug-12 | |||
|---|---|---|---|---|---|---|
| Adjusted Net Capital | Adjusted Net Capital | Change | Retail Forex Funds | Retail Forex Funds | Change | |
| ADM INVESTOR SERVICES INC | 284,736,953 | 282,918,608 | -1,818,345 | 0 | 0 | 0 |
| ADVANCED MARKETS LLC | 20,263,069 | 20,198,291 | -64,778 | 602,090 | 530,177 | -71,913 |
| ALPARI (US) LLC | 25,149,030 | 30,142,390 | 4,993,360 | 17,391,612 | 17,040,400 | -351,212 |
| FOREX CAPITAL MARKETS LLC | 52,570,047 | 53,514,906 | 944,859 | 248,324,627 | 360,893,916 | 112,569,289 |
| FOREX CLUB LLC | 22,184,296 | 22,214,537 | 30,241 | 3,393,173 | 3,321,718 | -71,455 |
| FX SOLUTIONS LLC | 28,052,663 | 28,027,637 | -25,026 | 16,843,353 | 16,897,037 | 53,684 |
| FXDIRECTDEALER LLC | 25,918,055 | 24,415,572 | -1,502,483 | 35,873,431 | 33,969,881 | -1,903,550 |
| GAIN CAPITAL GROUP LLC | 57,647,752 | 47,820,014 | -9,827,738 | 100,768,702 | 100,173,898 | -594,804 |
| GLOBAL FUTURES & FOREX LTD | 63,812,667 | 59,125,892 | -4,686,775 | 86,307,508 | 98,977,615 | 12,670,107 |
| IBFX INC | 26,936,337 | 26,477,538 | -458,799 | 71,960,820 | 73,850,907 | 1,890,087 |
| INSTITUTIONAL Liquidity LLC | 20,855,898 | 20,865,942 | 10,044 | 20,651,411 | 19,659,159 | -992,252 |
| INTERACTIVE BROKERS LLC | 1,480,962,895 | 1,576,904,569 | 95,941,674 | 35,563,314 | 35,966,698 | 403,384 |
| KNIGHT CAPITAL AMERICAS LLC | 278,921,072 | 275,324,911 | -3,596,161 | 24,412,371 | 23,070,880 | -1,341,491 |
| MB TRADING FUTURES INC | 23,516,309 | 23,803,804 | 287,495 | 32,681,895 | 32,903,721 | 221,826 |
| OANDA CORPORATION | 149,719,746 | 145,769,574 | -3,950,172 | 162,159,602 | 162,423,138 | 263,536 |
| RJ OBRIEN ASSOCIATES LLC | 206,277,405 | 207,812,362 | 1,534,957 | 1,750,862 | 1,754,017 | 3,155 |
| XPRESSTRADE LLC | 22,853,078 | 22,876,129 | 23,051 | 972,798 | 821,332 | -151,466 |
| Totals | 2,790,377,272 | 2,868,212,676 | 77,835,404 | 859,657,569 | 982,254,494 | 122,596,925 |
