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After years of consolidation of the foreign exchange market sector of the U.S. retail brokerage industry, the tough regulatory stance adopted by national regulators has yielded the result we all expected.
This month’s CFTC data for client assets held at U.S. Retail Foreign Exchange Dealers (RFED’s) shows that client assets have hit a new low. The final month of 2015 shows a broad industry decline amid tough choices that traders have to make when choosing an FX broker in the U.S.
The total amount of retail forex obligations of the industry decreased by almost 5 per cent, declining to $544 million ... (read more)