U.S. Retail Forex Broker client assets held showed a MoM uptick from reporting data filed with the CFTC as of May 31st. The report revealed a 1.74% increase in assets held by FCMs from April's $524,757,888 to $533,886,026 for May 2017. This is also $10 million more in assets from March’s $523,750,637. If the trend…
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The latest CFTC data from US retail forex brokers is out for November from reports filed by December 26th. The data is showing a slight rise in assets held by US retail forex traders back to $523 million, a 0.65% rise from October's $520 million (see chart above). Continuing to lead the way was FXCM…
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Wedbush Securities announced today the appointment of Bob Fitzsimmons as a Managing Director. In this capacity, Bob will oversee the business operations within the Futures Commission Merchant (FCM) division, with a focus on developing and defining the strategic direction for the Futures and Treasury division. Bob is based in the Chicago office and reports to…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today announced three separate measures that are designed to enhance the protection of customer funds. The CFTC approved an order to exempt Federal Reserve Banks that maintain customer accounts for derivatives clearing organizations (DCOs) from liability under the Commodity Exchange Act (CEA). In addition, the CFTC’s Divisions of…
Read moreThis month data from the CFTC from reports filed by January 28th, 2015 reveal that Forex brokers within the United States for December 2015 dropped 4.7% in assets to $544,087,054 from November’s $570,939,506 total (see graph above). December usually sees a drop due to end of year withdrawals and not to mention the very volatile market which could have seen…
Read moreUnited States Retail Forex brokers saw client assets on deposit increase in September from August, the increased volatility in August carried into September, especially after the August 24th “Black Monday." A combined $568,306,993 million was reported for September up from the $533,041,270 million of assets on record for August, an increase of 2.76%. The biggest single decline of the "Big…
Read moreNo positive gains from any brokers in August's just released USA FCM report. Did traders withdrawal their money or suffer losses on their accounts reducing deposits?
Read moreUS Retail Forex brokers saw client assets on deposit increase in July, the increased volatility in FX markets during summer trading sure played a role in the increased assets on record. This is a positive sign for USA based FCMs on the just-released data from the CFTC after a few months of steady decline. Overall, Retail FX…
Read moreThe extension of no-action relief will expire on June 30, 2014 In an official news release, the U.S. Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued an extension of time-limited no-action relief to FCMs. On November 14, 2013, the Commission adopted amendments to Commission Regulations 1.20, 22.2, and…
Read moreLast year, the CFTC approved rules to better protect customers of futures brokers In a stiff ruling and making an example of some sloppiness at the bank, the CFTC penalized Morgan Stanley Smith Barney LLC. The unit, a registered Futures Commission Merchant (FCM) of the bank was fined for violating CFTC rules governing secured funds…
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