US Retail FX client assets up 4% in September to $580M
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) increased by 4.2% during the month of September.
US retail FX client assets totaled $579.6 million as of September 30, 2020, up from $556.0 million at the end of August. That marks the highest level of Retail FX assets in the US since February.
All of the major licensed brokers serving US retail customers reported a rise in assets, except for Interactive Brokers (NASDAQ:IBKR) which saw a slight 0.7% drop.
Largest percentage increase went to the UK’s IG Group (LON:IGG), whose IG US LLC reported a 12.9% rise in client assets to $21.7 million, as IG continues its international push under CEO June Felix.
September 2020 |
August 2020 |
Change MoM |
|
| GAIN CAPITAL GROUP LLC | $ 223,645,645 | $ 210,926,548 | 6.0% |
| OANDA CORPORATION | 201,584,631 | 193,469,780 | 4.2% |
| TD AMERITRADE FUTURES & FOREX LLC | 68,432,117 | 67,696,523 | 1.1% |
| INTERACTIVE BROKERS LLC | 64,263,118 | 64,703,935 | -0.7% |
| IG US LLC | 21,710,345 | 19,222,502 | 12.9% |
| Totals | $ 579,635,856 | $ 556,019,288 | 4.2% |
