US October FCM Net Capital & Deposit Data

The CFTC recently released its end of October FCM financial data. There were no big surprises, but overall FX deposits dropped 4.6% to $817 million from $858 million at the end of September. However, net capital of 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 related FCM's rose on the month as multi-asset broker Interactive Brokers saw a large increase. At IB, net capital rose $118 million to $1.7 trillion.

Following the trend of earlier in the year, net deposits at FXCM continued to be volatile as the overall figure was $210 million compared to $256 million in September.