CFTC-Registered Firms’ Change in Adjusted Net Capital

(Corrects name of Penson Futures and adds Penson Financial Services in table that originally ran on Oct. 18.)

Following is a table detailing Futures Commission Merchants’ monthly change in adjusted net capital for August. These firms act as brokers for any commodity for future delivery on or subject to the rules of any exchange. They must file monthly financial reports with the Commodity Futures Trading Commission.

Adjusted net capital is the amount of regulatory capital available to meet the minimum net capital requirement as set by the CFTC.

================================================================================
                                        Aug.        July        June        Aug.
                                        2011        2011        2011       YOY%
================================================================================
COMMONWEALTH FOREIGN EXCHANGE          99.0%      -42.4%        4.1%       43.0%
MF GLOBAL INC                          73.8%      -50.0%       -3.1%      -12.1%
MAREX USA LIMITED                      56.3%      -39.4%        5.1%      -15.0%
================================================================================
                                        Aug.        July        June        Aug.
                                        2011        2011        2011       YOY%
================================================================================
TRADELINK LLC                          32.6%        9.9%       -7.4%       30.2%
FOREX CAPITAL MARKETS LLC              32.5%       -9.6%       -9.9%       12.7%
JEFFERIES & COMPANY INC                27.5%         n/a         n/a         n/a
RBC CAPITAL MARKETS LLC                24.6%      -24.2%       15.3%       24.6%
CANTOR FITZGERALD & CO                 24.5%       -9.7%       85.9%      119.0%
YORK BUSINESS ASSOCIATES LLC           22.4%       12.7%       -9.1%       28.0%
MIZUHO SECURITIES USA INC              21.9%      -27.5%       17.3%      -26.9%
WELLS FARGO SECURITIES LLC             20.7%       -0.4%       28.4%       52.8%
LPL FINANCIAL LLC                      19.6%       30.5%        3.6%       17.7%
VELOCITY FUTURES LLC                   16.1%       -7.4%       -4.3%        9.6%
MERRILL LYNCH PROFESSIONAL             15.7%        8.6%      -14.5%        5.5%
MORGAN STANLEY & CO LLC                15.3%      -10.4%       11.8%      -14.3%
CITADEL SECURITIES LLC                 15.3%        3.5%        2.5%       25.3%
BNP PARIBAS SECURITIES CORP            14.6%        3.0%       -0.2%       16.5%
MITSUBISHI UFJ SECURITIES USA          14.1%        1.1%       -1.8%       55.8%
WHITE COMMERCIAL CORPORATION           12.8%       -6.1%        7.8%       -0.9%
AMERIPRISE FINANCIAL SERVICES          11.5%       -1.8%        6.9%       16.7%
================================================================================
                                        Aug.        July        June        Aug.
                                        2011        2011        2011       YOY%
================================================================================
DAIWA CAPITAL MARKETS AMERICA          11.1%       -6.1%        1.5%       63.4%
TD AMERITRADE INC                      11.1%       13.0%      -19.0%      121.4%
FXDIRECTDEALER LLC                      8.5%       25.6%        2.8%       -6.9%
CREDIT SUISSE SECURITIES (USA)          8.3%       -4.7%       15.0%      -16.0%
ITG DERIVATIVES LLC                     8.1%       -9.3%       -9.5%      -43.9%
PIONEER FUTURES INC                     7.8%        0.0%       -8.8%       42.9%
MERRILL LYNCH PIERCE FENNER             7.3%       -5.9%       -2.8%       86.4%
NOMURA SECURITIES INTERNATIONAL         6.7%       10.5%        1.4%      105.6%
ROSENTHAL COLLINS GROUP LLC             6.2%       -3.5%       -3.6%       17.4%
AMP GLOBAL CLEARING LLC                 5.9%        1.2%        0.8%       19.4%
UBS FINANCIAL SERVICES INC              5.3%       -0.6%        3.8%       19.1%
TRADESTATION SECURITIES INC             5.0%       -1.3%       -6.7%      -22.5%
CUNNINGHAM COMMODITIES LLC              4.3%       -0.5%       -2.9%        0.7%
IKON GLOBAL MARKETS INC                 3.9%       13.7%       -6.3%      -21.3%
STATE STREET GLOBAL MARKETS LLC         2.6%       -0.1%        5.2%       14.8%
SANFORD C BERNSTEIN & CO LLC            2.2%        0.1%        6.9%       13.7%
OPTIONSXPRESS INC                       2.2%       -7.7%       -5.3%      -32.2%
================================================================================
                                        Aug.        July        June        Aug.
                                        2011        2011        2011       YOY%
================================================================================
BGC FINANCIAL LP                        2.0%      -18.8%       26.8%       95.3%
NATIXIS SECURITIES NORTH AMERICA        1.8%        3.2%       -5.3%       -4.2%
MACQUARIE FUTURES USA INC               1.7%        0.3%        1.1%       60.0%
CITIGROUP GLOBAL MARKETS INC            1.6%        5.9%       -5.0%      -20.2%
GLOBAL FUTURES & FOREX LTD              1.5%        3.3%        0.7%       -0.1%
INTERACTIVE BROKERS LLC                 1.5%        4.3%       -1.0%       25.4%
INTEGRATED BROKERAGE SERVICES           1.4%        0.6%       -1.2%      -11.6%
SANTANDER INVESTMENT SECURITIES         1.3%      -56.8%      154.4%      111.2%
RJ OBRIEN ASSOCIATES LLC                1.1%       -1.2%       -2.8%       45.0%
FOREX CLUB LLC                          0.9%       12.6%        1.0%        5.6%
JP MORGAN CLEARING CORP                 0.9%        1.1%       15.1%       36.9%
MITSUI BUSSAN COMMODITIES USA           0.9%       -3.4%        1.3%      -67.1%
TENCO INC                               0.8%        0.6%        3.9%       15.9%
NEWEDGE USA LLC                         0.8%        0.1%        0.3%       -9.3%
VISION FINANCIAL MARKETS LLC            0.6%       11.5%        5.0%       20.0%
ADVANCED MARKETS LLC                    0.5%        0.9%        0.0%       -1.6%
TRADESTATION FOREX INC                  0.5%         n/a         n/a         n/a
================================================================================
                                        Aug.        July        June        Aug.
                                        2011        2011        2011       YOY%
================================================================================
FRIEDBERG MERCANTILE GROUP INC          0.4%       -0.1%        0.3%        0.7%
ALPARI (US) LLC                         0.4%       -0.4%        0.2%       24.5%
CX CAPITAL MARKETS LLC                  0.4%       28.0%       -0.3%       46.9%
OANDA CORPORATION                       0.1%       -4.4%        2.0%       -5.7%
XPRESSTRADE LLC                         0.1%         n/a         n/a         n/a
INSTINET LLC                            0.1%       -3.1%        0.1%       -2.9%
JEFFERIES BACHE LLC                     0.1%         n/a         n/a         n/a
TRADITION SECURITIES AND FUTURES        0.0%        0.0%        0.0%       -1.5%
GOLDMAN SACHS & CO                      0.0%        0.1%        1.0%        6.6%
ALLIANZ GLOBAL INVESTORS                0.0%        0.0%      -20.5%       58.0%
RAYMOND JAMES & ASSOCIATES INC         -0.2%       14.1%       -6.6%       14.6%
ADM INVESTOR SERVICES INC              -0.3%        1.8%      -11.7%       39.9%
ENSKILDA FUTURES LTD                   -0.5%        1.2%       -2.4%       11.5%
WELLS FARGO ADVISORS LLC               -0.5%       10.6%       10.4%       85.4%
PEREGRINE FINANCIAL GROUP INC          -0.7%       -1.6%        0.9%        3.5%
FUTURES TECH LLC                       -0.8%        2.3%       -0.9%       -0.9%
FRONTIER FUTURES INC                   -0.8%        1.0%       -3.6%        7.5%
================================================================================
                                        Aug.        July        June        Aug.
                                        2011        2011        2011       YOY%
================================================================================
INSTITUTIONAL LIQUIDITY LLC            -1.0%       -0.1%        0.0%         n/a
RAND FINANCIAL SERVICES INC            -1.0%        3.6%        2.3%        6.2%
TCA FUTURES LLC                        -1.2%       -1.1%        3.5%       -0.1%
FCSTONE LLC                            -1.3%       -1.8%       10.9%       59.1%
EASY FOREX US LTD                      -1.4%       -1.2%       -1.6%      -40.7%
BNP PARIBAS COMMODITY FUTURES          -1.5%       -2.9%        6.9%        1.2%
OPPENHEIMER & CO INC                   -1.5%        2.3%        2.4%        7.0%
FX SOLUTIONS LLC                       -1.6%        0.8%       -1.3%        3.6%
WALL STREET DERIVATIVES INC            -1.8%         n/a         n/a         n/a
PHILLIP FUTURES INC                    -1.9%         n/a         n/a         n/a
JP MORGAN SECURITIES LLC               -1.9%        4.2%       37.3%       67.5%
INTERBANK FX LLC                       -2.0%        0.6%        3.9%      -14.0%
MCVEAN TRADING & INVESTMENTS LLC       -2.0%       28.6%        2.5%       25.2%
BNY MELLON CLEARING LLC                -2.2%      142.4%       -0.5%      945.6%
HSBC SECURITIES USA INC                -2.3%       -4.3%       -0.3%       -4.4%
MB TRADING FUTURES INC                 -2.4%        2.1%        9.3%        7.6%
WELLS FARGO ADVISORS FINANCIAL         -2.4%       12.8%        2.4%      120.2%
================================================================================
                                        Aug.        July        June        Aug.
                                        2011        2011        2011       YOY%
================================================================================
BARCLAYS CAPITAL INC                   -2.5%       -1.1%        1.9%      -14.6%
MBF CLEARING CORP                      -2.8%       -4.2%       -2.1%      -27.9%
GOLDMAN SACHS EXECUTION, CLEARING      -3.7%        5.3%       -3.3%       -9.8%
RBS SECURITIES INC                     -3.9%        8.3%       22.3%       30.1%
DORMAN TRADING LLC                     -4.1%       -1.6%        0.2%       44.3%
UBS SECURITIES LLC                     -4.3%        1.5%        0.8%       -2.8%
ADVANTAGE FUTURES LLC                  -4.4%       15.9%      -20.5%      -15.8%
ICAP FUTURES LLC                       -4.5%       21.6%      -11.8%      -11.6%
MORGAN KEEGAN & COMPANY INC            -4.7%        4.5%       -3.1%        9.3%
DEUTSCHE BANK SECURITIES INC           -5.1%       -2.1%        6.7%       -4.9%
ICAP CORPORATES LLC                    -5.7%         n/a         n/a         n/a
OPEN E CRY LLC                         -5.8%       10.0%        0.1%       -2.5%
COMPASS PROFESSIONAL SERVICES          -5.9%        6.8%        1.1%       22.4%
ABN AMRO CLEARING CHICAGO LLC          -6.7%        8.4%        6.4%       -0.9%
MID CO COMMODITIES INC                 -6.9%       -0.1%      -12.6%       31.8%
STEPHENS                               -7.2%        6.6%       -5.9%       -6.2%
IRONBEAM INC                           -7.6%        9.3%        0.6%         n/a
================================================================================
                                        Aug.        July        June        Aug.
                                        2011        2011        2011       YOY%
================================================================================
STRAITS FINANCIAL LLC                  -7.8%         n/a         n/a         n/a
CROSSLAND LLC                          -8.3%        8.5%        8.1%       46.7%
EAGLE MARKET MAKERS INC                -9.2%       -5.0%       10.2%        8.5%
TOWER RESEARCH CAPITAL EUROPE          -9.6%       11.2%      -59.4%      -62.5%
LINN GROUP THE                        -10.6%        3.2%       -4.1%       13.5%
MAREX NORTH AMERICA LLC               -11.7%         n/a         n/a         n/a
LEK SECURITIES CORPORATION            -12.8%       13.1%        0.6%      -14.6%
TIMBER HILL LLC                       -13.6%        0.4%       -4.7%       -9.6%
CIBC WORLD MARKETS CORP               -13.9%       10.6%       -6.7%      -38.5%
ROSENTHAL GLOBAL SECURITIES LLC       -14.3%       13.3%       -2.6%       -9.6%
COUNTRY HEDGING INC                   -16.4%       -4.1%       -6.5%        8.5%
MORGAN STANLEY SMITH BARNEY LLC       -18.0%        4.2%        5.0%      -20.7%
CAPITAL MARKET SERVICES LLC           -19.4%      -19.5%       12.3%      -92.6%
GAIN CAPITAL GROUP LLC                -22.9%       40.5%      -20.5%      -27.5%
GUGGENHEIM SECURITIES LLC             -41.7%         n/a         n/a         n/a
NEUBERGER BERMAN LLC                  -47.2%       19.8%      106.9%      -28.9%
STERLING COMMODITIES CORP             -51.8%        3.0%        1.4%      -47.9%
================================================================================
                                        Aug.        July        June        Aug.
                                        2011        2011        2011       YOY%
================================================================================
LIMESTONE TRADING LLC                 -52.1%      -31.0%      -13.4%      -78.2%
PENSON FUTURES                        -93.6%        5.2%       -1.5%      -91.6%
================================================================================
NOTE: A firm’s net capital requirement is the greater of: (1) $250,000,
(2) risk based capital requirement, the sum of 8% of total customer
risk maintenance margin and 4% of total noncustomer
risk maintenance margin; or (3) the amount of capital
required by a registered futures association; (4) for
securities brokers and dealers, the amount of net capital
required by Rule 15c3-1(a) of the Securities Exchange
Commission.

To contact the reporter on this story: Mike Sebany in Washington at msebany@bloomberg.net

To contact the editor responsible for this story: Alex Tanzi at atanzi@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.