US FCM’s Retail Deposits Increase Aug 2012

14 Comments on this post

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1. Sven said:
   you numbers for August are incorrect – check the CFTC site – you have confused the adjusted net capital and capital requirement numbers

   October 11th, 2012 at 6:17 pm
2. Sven said:
   for OANDA anyways

   October 11th, 2012 at 6:18 pm
3. Adil Siddiqui said:
   thanks Sven, what do you think about FXCM’s progress?

   October 11th, 2012 at 7:05 pm
4. Chuck said:
   This is still wrong. Under the net capital column, you are showing each firms’ net cap requirement, not their actual net cap.

   October 11th, 2012 at 8:03 pm
5. Andy said:
   +112 million? Is that genuine growth, or some kind of merger/accounting shizzle? Seems unlikely that they get so many new clients out of the blue..

   October 12th, 2012 at 12:14 pm
6. Michael Greenberg said:
   yeah that adds up to their +$83m in last month, we aren’t aware of any acquisitions but it’s indeed intriguing

   October 12th, 2012 at 12:22 pm
7. Michael Greenberg said:
   yep fixed, thanks for noticing

   October 12th, 2012 at 1:10 pm
8. Chuck said:
   No, it doesn’t look fixed. For example, you show net cap of $21.1 mil for FXDD. That is their net cap requirement. Their actual net cap is $24.4 mil. Same mistake for all of them. Oanda has $145 mil in net cap – you show $27.6 mil.

   October 12th, 2012 at 1:40 pm
9. Michael Greenberg said:
   strange, it didn’t save the previous update, now it’s ok please refresh

   October 12th, 2012 at 2:00 pm
10. Chuck said:
    Cool. On FXCM – that really is a huge surge! Do you have any indication of how successful their partnership with etrade has been? I wonder if that has anything to do with it…

    October 12th, 2012 at 2:24 pm
11. Michael Greenberg said:
    checking this as we speak, but it’s +$200m in 2 months.. something’s going on.. however if you noticed on client’s side there hasn’t been a huge change so not very clear what this is about..

    October 12th, 2012 at 2:30 pm
12. Adil Siddiqui said:
    Apologies to all our readers, mistakes were at my end with collating data and uploading, thanks for all the feedback. Volumes have been the buzzword this summer and after taking a quick peek at the forthcoming Q3 quarterly report – be prepared for some interesting points… clearly institutional volumes are down… but what’s the scenario on the retail side…
    Regulations have been dictating the industry since the global recession, and major hubs like Australia and Singapore are looking to tighten their rules for derivatives

    October 12th, 2012 at 5:16 pm
13. Ron Finberg said:
    @Chuck – re: Etrade, their customers tend to be more active traders. FXCMs volumes have been flat since the surge in Customer assets began, so doesn’t seem likely that that deal is the main driver here. Seems more likely that it has something to do with their institutional side and perhaps a hedge fund or asset managers coming on board. It also has occurred after they bought Lucid Markets, so the added experience of those guys may have something to do with new services they are able offer to large investors.

    Anyways, bodes well for them seeing a spike higher in volumes next year. Maybe time to load up on FXCM stock?

    October 13th, 2012 at 6:53 pm
14. Matt Coz said:
    FYI – #s reported to the CFTC are not total deposits of client’s funds, these #s are what that firm has of their OWN money. and you still need to consider haircuts for open positions on the desk and the fact that an FCM only has to report they have an amount over the min required, they dont have to report their total funds on hand, these #s are NOT client deposits.

    October 15th, 2012 at 2:05 pm