Retail FX deposits at US brokerages, which have been struggling to eke out a profit in a strict regulatory environment, rose slightly in July 2023 by $7.2 million, CFTC data showed. The brokers, including FCMs that are registered as Retail Foreign Exchange Dealers (RFEDs) and those included as broker-dealers, saw a collective positive change in clients’ deposits month-over-month from June, though differences amongst each broker were more pronounced. Specifically, the FX funds held at registered brokerages operating in the United States came in at $518 million in July 2023, which is one percent higher than the $511 ... (full story)