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Gain Capital registers an increase in client assets in September

According to the latest monthly report of the Commodity Futures Trading Commission (CFTC) on client assets handled by the few brokers left to operate in the US, Gain Capital handled a total of $130,430,508 customer obligations. The figure represents a slight increase of 0.7% from previous month and a jump by 12.8% compared to a year earlier.

Nonetheless, the brokerage famous for operating the retail brand Forex.com, is still third-largest FX broker by client deposits. In August, Gain Capital was outperformed by Oanda, which become the second largest US broker in terms of retail deposits for a second time this year (the first was in April). The two peers may swap places once again, as in September Oanda saw a slight decrease of 2.5% over the month and its advantage over Gain Capital amounts to around $1.2 million.

Meanwhile, FXCM still holds the leading position: the brokerage handled a total of $180,555,585 client assets, 2.3% higher MoM and 3.7% less compared to the same month a year earlier.
 

Forex broker

Retail forex obligation

Sep ‘16

Retail forex obligation

Aug ‘16

M/M change

Retail forex obligation

Sep ’15

Y/Y change

FXCM

$180,555,585

$176,508,820

+2.3%

$187,415,797

-3.7%

OANDA

$131,618,072

$135,016,717

-2.5%

$100,996,412

+30.3%

Gain Capital

$130,430,508

$129,493,930

+0.7%

$115,599,413

+12.8%

TOTAL

$518,589,446

$519,490,370

-0.2%

$568,306,993

-8.7%

 

The CFTC report also shows that the total number of US retail client deposits stayed relatively unchanged at $518.6 million in September 2016, just 0.2% lower than the levels reached in August.

Lately the US forex market seems to be shrinking. In the past year, a few brokers exited the market, mainly due to the regulatory restrictions imposed. Phillip Capital and IBFX both ceased operations in the US earlier in 2016 and Interactive Brokers no longer offers leveraged forex trading services to US retail clients with less than $10 million in deposited assets as of 1 September, also due to regulatory requirements.

Earlier in October Gain Capital (NYSE: GCAP) reported that both its retail and institutional trading volumes have increased in September 2016. For institutions, the brokerage offers its GTX platform with deep liquidity and low spreads, while retail clients may benefit from the lower costs and great educational resources provided via Forex.com. As a global publicly traded company, regulated in a number of jurisdictions, Gain Capital meets high standards of corporate governance, financial reporting and disclosure. 

 

TAGS: forex.com  gain capital  client assets  client deposits 

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