US Retail FX client assets unchanged in October at $580M
As US retail traders continued to pour record amounts of capital into online equity trading platforms, the latest data released by derivatives markets and products regulator the Commodity Futures Trading Commission (CFTC) indicates that the amount of US retail FX client assets held at licensed retail foreign exchange dealers (RFEDs) was fairly stable during October 2020.
US retail FX client assets totaled $580.5 million as of October 31, 2020, up slightly (0.2%) from $579.6 million as of the end of September. The slight increase, however, does marks the highest level of Retail FX assets in the US since February.
There was virtually no change in client assets held at the top three RFEDs in the US – Gain Capital (now owned by StoneX, assets -0.3%), OANDA (+1.8%) and TD Ameritrade (+0.9%). However Interactive Brokers saw a 7.3% decrease in client assets to $59.6 million, while the UK’s IG Group (LON:IGG) continued to grow its business, with assets up 9.4% in the month (and that after a 12.9% rise in September) to $23.7 million, as IG continues its international push under CEO June Felix.
October 2020 | September 2020 | Change | |
GAIN CAPITAL GROUP LLC | $ 223,033,216 | $ 223,645,645 | -0.3% |
OANDA CORPORATION | 205,131,043 | 201,584,631 | 1.8% |
TD AMERITRADE FUTURES & FOREX LLC | 69,016,818 | 68,432,117 | 0.9% |
INTERACTIVE BROKERS LLC | 59,584,198 | 64,263,118 | -7.3% |
IG US LLC | 23,746,483 | 21,710,345 | 9.4% |
Totals | $ 580,511,758 | $ 579,635,856 | 0.2% |