mercredi 11 mars 2015
OANDA took $45 million capital hit in January; GAIN Capital $6 million
Posted on 03:14 by nice news
CFTC data unveils some of the not-yet-reported fallout (and broker losses) from January 15th’s Swiss Franc spike.
As we reported yesterday CFTC January data for retail forex brokers is now out, and (not surprisingly) showed a 15% decline in client assets at US industry leader FXCM Inc (NYSE:FXCM) and an overall 5% decline in US retail forex client assets. Again, not surprising given that January 15 saw a lot of clients wiped out in the Swiss Franc spike – and the creation of significant negative client balances at a number of retail forex brokers worldwide.
However digging deeper, the CFTC data uncovered a fairly accurate picture, in our view, of what January 15 meant at other leading US retail forex brokers – at least in their US operations.
The one datapoint which stuck out was the $45 million decline from December to January in OANDA ’s adjusted net capital. OANDA’s capital cushion (i.e. excess net capital) dropped from more than $61 million to under $16 million.
As we reported yesterday CFTC January data for retail forex brokers is now out, and (not surprisingly) showed a 15% decline in client assets at US industry leader FXCM Inc (NYSE:FXCM) and an overall 5% decline in US retail forex client assets. Again, not surprising given that January 15 saw a lot of clients wiped out in the Swiss Franc spike – and the creation of significant negative client balances at a number of retail forex brokers worldwide.
However digging deeper, the CFTC data uncovered a fairly accurate picture, in our view, of what January 15 meant at other leading US retail forex brokers – at least in their US operations.
The one datapoint which stuck out was the $45 million decline from December to January in OANDA ’s adjusted net capital. OANDA’s capital cushion (i.e. excess net capital) dropped from more than $61 million to under $16 million.
OANDA took $45 million capital hit in January; GAIN Capital $6 million
Inscription à :
Publier les commentaires (Atom)
0 commentaires:
Enregistrer un commentaire