Francesc Riverola,
Hi everyone
Yesterday, the U.S Commodity Futures Trading Commission (CFTC) released financial data for Futures Commission Merchants (FCM) for the month of April.
http://www.cftc.gov/marketreports/financialdataforfcms/index.htm
As you all already know, pursuant The CFTC Reauthorization Act of 2008 (Reauthorization Act), U.S. FDMs adjusted net capital will be increased to $20 million on May 16, 2009.
Below $20 million net capital
Easy Forex US $15,549,565
Ikon Global Markets $16,355,818
MB Trading $17,100,859
Advanced Markets $19,796,273
Above $20 million net capital
Alpari US $20,975,556
Forex Club $21,795,577
CMS Forex $29,6678
InterbankFX $36,507,727
PFG $36,843,820
FX Solutions $41,546,274
FXCM $60,472,142*
GFT Forex $80,693,021
Gain Capital $90,801,214
Oanda $159,739,419
FXCM* reduced net adjusted capital from $113,463,235 in March to $60,472,142. I guess this considerably decrease in net capital obeys to FXCM’s recent buys, but I’m going to ask them.
Francesc
Quote: FXCM reduced net adjusted capital from $113,463,235 in March to $60,472,142. I guess this considerably decrease in net capital obeys to FXCM’s recent buys, but I’m going to ask them.
That’s the same thing I was asking myself too
Hi FXWizard
I just got the following note from FXCM. I think that explains de sharp decrease in net capital:
In April, there was a significant drop in the firm’s net capital. This decrease is related to FXCM fulfilling its tax obligations. Last year was a terrific year for FXCM with the firm hitting all-time volume highs, and as a result, the ownership of FXCM made payments of nearly $50 Million towards fulfilling taxes due. However, even after such payments, FXCM Holdings, LLC has over $100 Million in firm capital, of which $60,472,142 is held by the firm’s US registered entity, Forex Capital Markets LLC.* The remaining capital is held by FXCM’s other entities, including regulated entities in Australia, Dubai, Canada, Hong Kong and the United Kingdom.
Thanks Francesc!
Regards,
FXWizard
in fxcm case, lets mack the home work and see if un April of 2008 hapend the same thing. whith there financial data wen the payed ther taxes