During the month, the total amount of retail forex obligation reached $510.6 million for the four licensed FCMs, a decline of 4 percent month-over-month from December 2017. With record growth in trading volumes and favourable industry dynamics, brokerages failed to reap benefits and adding deposits during the month.
Further looking at the CFTC report, the FCM funds were negative at all the reporting brokerages in the industry with Interactive Brokers leading chart of worst performers for the month which recorded an overall drop of 9 percent or $4.4 million to $42.3 million at the end of January 2018, compared to $46.7 in December 2017.
In terms of market share, the distribution is broadly unchanged in January compared to December. Gain Capital is the uncontested leader and established itself as a firm leader in the space with a market share of 47 percent, OANDA Corporation strengthened to become second largest in the US with a market share of 33 percent. TD AMERITRADE and Interactive Brokers following the suit with 12 and 8 percent respectively.