After a surprising 7% (or $41 million) rise in July, client assets held by regulated US retail forex brokers continued their slow but steady decline in August, shedding 2%, or $12.3 million.
Total client assets held now sit at $619.7 million, as at August 31, 2014.
The industry remains fairly concentrated, with the ‘big three’ – FXCM (NYSE:FXCM), OANDA, and Gain Capital’s Forex.com (NYSE:GCAP) holding more than 73% of all clients.
It will be interesting to see how these brokers did during September, which saw a major revival of FX trading volumes among most institutional and retail platforms worldwide. The CFTC is about a month behind in reporting volumes, so it will be about another month until we find out. Stay tuned to LeapRate…
