The latest monthly report released by the U.S. Commodity Futures Trading Commission (CFTC) showed that retail currency deposits increased by 2.61% in January 2024 compared with the previous month.
This report covers registered retail currency pair dealers (RFEDs) and broker-dealers operating in the United States. Including CHARLES SCHWAB Futures & Forex LLC, Gain Capital Group LLC, IG US LLC, Interactive Brokers LLC, OANDA Corporation, and Trading.com Markets.
In January 2024, the total monetary funds held by the above-mentioned six registered brokers was approximately US$529 million (specifically US$529,721,236), an increase of 2.61% compared with the US$516,235,266 reported in December 2023.
On a year-on-year basis, compared with US$491 million in January 2023 (specifically US$490,942,717), it increased by 7.90% year-on-year.
The chart below is a comprehensive overview of the data from February 2023 to January 2024 for these six brokers.
CFTC data released: U.S. retail monetary funds increased by 2.61% month-on-month in January
Changes in currency funds of registered brokers: one fell and five rose
Of the six brokers listed, one company saw retail currency funding fall during January 2024, while the remaining five all saw gains.
Among them, Charles Schwab fell 0.70% month-on-month, with a total decrease of $426,500; Gain Capital increased 1.86% month-on-month, with a total increase of $3.7421 million; IG US increased 1.10% month-on-month, with a total increase of $600,600; Interactive Brokers increased 2.97% month-on-month. , the total amount increased by US$924,300; Anda increased by 5.13% month-on-month, and the total amount increased by US$8.5588 million; Trading.com Markets increased by 6.71% month-on-month, and the total amount increased by US$86,700.
Year-on-year changes for six brokers
CFTC data released: U.S. retail monetary funds increased by 2.61% month-on-month in January
Compared with the data from the same period last year, among the six brokers, only Charles Schwab experienced a year-on-year decrease of 11.38%, with the total volume falling by US$7.814 million year-on-year. In addition, among the remaining five brokers, Trading.com Markets had the largest year-on-year increase of 38.42%, with a total volume increase of US$382,700.
Jiaqiang increased by 7.33% year-on-year, with a total increase of US$13.9939 million; IG US increased by 18.93% year-on-year, with a total increase of US$8.7829 million; Interactive Brokers increased by 36.58% year-on-year, with a total increase of US$8.5739 million; Anda increased by 9.26% year-on-year, with a total increase of US$8.7829 million An increase of US$14.8592 million.
About the CFTC’s monthly reports
According to the requirements of the US CFTC, futures commission merchants (FCM) and retail currency pair dealers (RFED) must submit monthly financial reports to the CFTC Market Participant Department (MPD) within 17 working days after the end of the month. This month’s report publishes financial information received as of February 29, 2024, and reflects the financial situation of the relevant companies as of January 31, 2024.
