The CFTC will be looking for any excuse to further regulate forex and futures trading, even if they have tio make up figures.
American forex traders lose $20 million in September
Every month CFTC publishes Futures commission merchants (FCMs) and retail foreign exchange dealers (RFEDs) financial data. Amongst other things CFTC also discloses Total Amount of Retail Forex Obligations – which is basically the total equity of retail forex traders that broker holds. September 2011 report shows that US retail forex traders have lost about $20 million. This figure however is to be viewed cautiously as this report just shows changes in total capital and doesn’t specify reasons for changes. We can assume that the $20 million decrease in total retail forex obligations mostly came from losses due to ... (full story)