According to the latest batch of data filed by the Futures Commission Merchants (FCMs) and Retail Foreign Exchange Dealers (RFEDs) with the Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight, retail forex funds in October marked a halt to the decline after two straight months of drops. The total figure dropped by only 0.2% in October compared to 2% in September. As the data reveals, some brokers increased their clients’ portfolio such as GAIN (NYSE: GCAP) and some brokers saw a drop in their overall total such as FXCM (NYSE: FXCM). Despite this, the breakdown of the market remained exactly as the previous month with each company maintaining its share of the market.
US Retail Forex Market Stabilized, CFTC October FCM Data Shows
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