In another thread, " Any experience with CoesFX?" fxwise pointed to some goverment reports that forex trading companies have to submit to the feds. It's at http://www.cftc.gov/tm/tmfcm.htm?fro...=mktfcmcontent
Does anyone understand and know how to interpret those reports.
It seems to mean that you can tell from this report how much liquidity your forex broker really has.
Does it mean, for instance (just to take the top line of data) that on 6/30/06, 3D Forex declared a net capital of $1.4M. wheras, on the next line, Abbey National Securites had a net capital of $120M?
Thanks to anyone who can help
David
<table x:str="" style="border-collapse: collapse; width: 729pt;" border="0" cellpadding="0" cellspacing="0" width="971"><col style="width: 19pt;" width="25"> <col style="width: 234pt;" width="312"> <col style="width: 29pt;" width="38"> <col style="width: 32pt;" width="42"> <col style="width: 56pt;" width="75"> <col style="width: 75pt;" width="100"> <col style="width: 69pt;" width="92"> <col style="width: 71pt;" width="95"> <col style="width: 77pt;" width="103"> <col style="width: 67pt;" width="89"> <tbody><tr style="height: 11.25pt;" height="15"> <td class="xl24" style="height: 11.25pt; width: 19pt;" height="15" width="25">
</td> <td class="xl24" style="width: 234pt;" width="312">
</td> <td class="xl26" style="width: 29pt;" x:str="B/D? " width="38">B/D? </td> <td class="xl26" style="width: 32pt;" x:str="DSRO " width="42">DSRO </td> <td class="xl26" style="width: 56pt;" x:str="A/O " width="75">A/O </td> <td class="xl26" style="width: 75pt;" x:str="Adjusted " width="100">Adjusted </td> <td class="xl26" style="width: 69pt;" x:str="Net Capital " width="92">Net Capital </td> <td class="xl26" style="width: 71pt;" x:str="Excess " width="95">Excess </td> <td class="xl26" style="width: 77pt;" x:str="Customers' " width="103">Customers' </td> <td class="xl26" style="width: 67pt;" x:str="Customer " width="89">Customer </td> </tr> <tr style="height: 11.25pt;" height="15"> <td class="xl24" style="height: 11.25pt;" height="15">
</td> <td class="xl27">Futures Commission Merchant</td> <td class="xl25">
</td> <td class="xl25">
</td> <td class="xl26">Date</td> <td class="xl26">Net Capital</td> <td class="xl26" x:str="Requirement ">Requirement </td> <td class="xl26" x:str="Net Capital ">Net Capital </td> <td class="xl26" x:str="Seg Required ">Seg Required </td> <td class="xl26" x:str="Amount ">Amount </td> </tr> <tr style="height: 11.25pt;" height="15"> <td class="xl24" style="height: 11.25pt;" height="15">
</td> <td class="xl24">
</td> <td class="xl25">
</td> <td class="xl25">
</td> <td class="xl25">
</td> <td class="xl24">
</td> <td class="xl26">
</td> <td class="xl24">
</td> <td class="xl26" x:str="4d(a)(2) ">4d(a)(2) </td> <td class="xl26" x:str="Pt. 30 Required ">Pt. 30 Required </td> </tr> <tr style="height: 11.25pt;" height="15"> <td class="xl24" style="height: 11.25pt;" height="15">
</td> <td class="xl24">
</td> <td class="xl26">(a)</td> <td class="xl26">(b)</td> <td class="xl25">
</td> <td class="xl24">
</td> <td class="xl26">(c)</td> <td class="xl26">(d)</td> <td class="xl26">(e)</td> <td class="xl26">(f)</td> </tr> <tr style="height: 11.25pt;" height="15"> <td class="xl24" style="height: 11.25pt;" height="15">
</td> <td class="xl24">
</td> <td class="xl25">
</td> <td class="xl25">
</td> <td class="xl25">
</td> <td class="xl24">
</td> <td class="xl24">
</td> <td class="xl24">
</td> <td class="xl24">
</td> <td class="xl24">
</td> </tr> <tr style="height: 11.45pt;" height="15"> <td class="xl24" style="height: 11.45pt;" x:num="" align="right" height="15">3
</td> <td class="xl24">D FOREX, LLC</td> <td class="xl25">N</td> <td class="xl25">NFA</td> <td class="xl29" x:num="38898"> 06/30/2006</td> <td class="xl28" x:num="1467234" align="right">1,467,234</td> <td class="xl28" x:num="250000" align="right">250,000</td> <td class="xl28" x:num="1217234" align="right">1,217,234</td> <td class="xl28" x:num="" align="right">0</td> <td class="xl28" x:num="" align="right">0</td> </tr> </tbody></table>
Does anyone understand and know how to interpret those reports.
It seems to mean that you can tell from this report how much liquidity your forex broker really has.
Does it mean, for instance (just to take the top line of data) that on 6/30/06, 3D Forex declared a net capital of $1.4M. wheras, on the next line, Abbey National Securites had a net capital of $120M?
Thanks to anyone who can help
David
<table x:str="" style="border-collapse: collapse; width: 729pt;" border="0" cellpadding="0" cellspacing="0" width="971"><col style="width: 19pt;" width="25"> <col style="width: 234pt;" width="312"> <col style="width: 29pt;" width="38"> <col style="width: 32pt;" width="42"> <col style="width: 56pt;" width="75"> <col style="width: 75pt;" width="100"> <col style="width: 69pt;" width="92"> <col style="width: 71pt;" width="95"> <col style="width: 77pt;" width="103"> <col style="width: 67pt;" width="89"> <tbody><tr style="height: 11.25pt;" height="15"> <td class="xl24" style="height: 11.25pt; width: 19pt;" height="15" width="25">
</td> <td class="xl24" style="width: 234pt;" width="312">
</td> <td class="xl26" style="width: 29pt;" x:str="B/D? " width="38">B/D? </td> <td class="xl26" style="width: 32pt;" x:str="DSRO " width="42">DSRO </td> <td class="xl26" style="width: 56pt;" x:str="A/O " width="75">A/O </td> <td class="xl26" style="width: 75pt;" x:str="Adjusted " width="100">Adjusted </td> <td class="xl26" style="width: 69pt;" x:str="Net Capital " width="92">Net Capital </td> <td class="xl26" style="width: 71pt;" x:str="Excess " width="95">Excess </td> <td class="xl26" style="width: 77pt;" x:str="Customers' " width="103">Customers' </td> <td class="xl26" style="width: 67pt;" x:str="Customer " width="89">Customer </td> </tr> <tr style="height: 11.25pt;" height="15"> <td class="xl24" style="height: 11.25pt;" height="15">
</td> <td class="xl27">Futures Commission Merchant</td> <td class="xl25">
</td> <td class="xl25">
</td> <td class="xl26">Date</td> <td class="xl26">Net Capital</td> <td class="xl26" x:str="Requirement ">Requirement </td> <td class="xl26" x:str="Net Capital ">Net Capital </td> <td class="xl26" x:str="Seg Required ">Seg Required </td> <td class="xl26" x:str="Amount ">Amount </td> </tr> <tr style="height: 11.25pt;" height="15"> <td class="xl24" style="height: 11.25pt;" height="15">
</td> <td class="xl24">
</td> <td class="xl25">
</td> <td class="xl25">
</td> <td class="xl25">
</td> <td class="xl24">
</td> <td class="xl26">
</td> <td class="xl24">
</td> <td class="xl26" x:str="4d(a)(2) ">4d(a)(2) </td> <td class="xl26" x:str="Pt. 30 Required ">Pt. 30 Required </td> </tr> <tr style="height: 11.25pt;" height="15"> <td class="xl24" style="height: 11.25pt;" height="15">
</td> <td class="xl24">
</td> <td class="xl26">(a)</td> <td class="xl26">(b)</td> <td class="xl25">
</td> <td class="xl24">
</td> <td class="xl26">(c)</td> <td class="xl26">(d)</td> <td class="xl26">(e)</td> <td class="xl26">(f)</td> </tr> <tr style="height: 11.25pt;" height="15"> <td class="xl24" style="height: 11.25pt;" height="15">
</td> <td class="xl24">
</td> <td class="xl25">
</td> <td class="xl25">
</td> <td class="xl25">
</td> <td class="xl24">
</td> <td class="xl24">
</td> <td class="xl24">
</td> <td class="xl24">
</td> <td class="xl24">
</td> </tr> <tr style="height: 11.45pt;" height="15"> <td class="xl24" style="height: 11.45pt;" x:num="" align="right" height="15">3
</td> <td class="xl24">D FOREX, LLC</td> <td class="xl25">N</td> <td class="xl25">NFA</td> <td class="xl29" x:num="38898"> 06/30/2006</td> <td class="xl28" x:num="1467234" align="right">1,467,234</td> <td class="xl28" x:num="250000" align="right">250,000</td> <td class="xl28" x:num="1217234" align="right">1,217,234</td> <td class="xl28" x:num="" align="right">0</td> <td class="xl28" x:num="" align="right">0</td> </tr> </tbody></table>