CFTC-Registered Firms’ Excess Net Capital: Table

(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’ excess net capital as of the end of 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.

Excess net capital is the amount by which adjusted net capital exceeds the net capital requirement as set by the CFTC.

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                                            Aug.            July            June
                                            2011            2011            2011
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JP MORGAN SECURITIES LLC          $9,861,695,088 $10,195,051,672  $9,803,123,065
UBS SECURITIES LLC                $9,846,100,411 $10,447,176,480 $10,345,636,739
GOLDMAN SACHS & CO                $9,390,832,979  $9,603,467,285  $9,609,150,413
MERRILL LYNCH PIERCE FENNER       $9,308,749,749  $8,722,437,865  $9,316,349,640
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                                            Aug.            July            June
                                            2011            2011            2011
================================================================================
CREDIT SUISSE SECURITIES (USA)    $8,278,866,488  $7,558,071,146  $7,981,631,620
CITIGROUP GLOBAL MARKETS INC      $6,759,236,791  $6,709,981,262  $6,310,369,692
DEUTSCHE BANK SECURITIES INC      $5,973,448,588  $6,362,242,387  $6,563,629,250
MORGAN STANLEY & CO LLC           $5,566,176,593  $4,628,144,976  $5,346,911,236
JP MORGAN CLEARING CORP           $5,128,795,122  $5,160,975,376  $5,037,980,900
BARCLAYS CAPITAL INC              $4,356,393,298  $4,653,410,967  $4,746,739,659
MERRILL LYNCH PROFESSIONAL CLEAR  $2,224,217,623  $1,854,116,222  $1,671,144,146
RBS SECURITIES INC                $2,122,607,540  $2,255,078,357  $2,092,669,000
NOMURA SECURITIES INTERNATIONAL   $2,099,522,368  $1,969,558,831  $1,778,624,844
BNP PARIBAS SECURITIES CORP       $1,918,650,805  $1,685,045,929  $1,633,979,895
WELLS FARGO SECURITIES LLC        $1,895,814,737  $1,569,250,970  $1,577,311,202
GOLDMAN SACHS EXECUTION, CLEARING $1,523,814,691  $1,648,410,259  $1,553,141,270
BNP PARIBAS PRIME BROKERAGE INC   $1,498,909,583             n/a             n/a
UBS FINANCIAL SERVICES INC        $1,298,852,971  $1,243,287,038  $1,247,074,094
INTERACTIVE BROKERS LLC           $1,153,677,566  $1,113,292,329  $1,052,100,178
RBC CAPITAL MARKETS LLC           $1,072,051,700    $834,279,582  $1,135,342,604
MORGAN STANLEY SMITH BARNEY LLC     $997,388,893  $1,225,696,268  $1,174,907,666
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                                            Aug.            July            June
                                            2011            2011            2011
================================================================================
HSBC SECURITIES USA INC             $905,249,419    $943,775,023  $1,000,262,144
WELLS FARGO ADVISORS LLC            $847,368,046    $852,040,384    $770,245,322
TIMBER HILL LLC                     $821,775,595    $966,028,481    $961,722,103
NEWEDGE USA LLC                     $752,461,357    $673,998,241    $767,266,531
JEFFERIES & COMPANY INC             $705,926,959    $532,975,229             n/a
CITADEL SECURITIES LLC              $480,222,816    $416,334,512    $402,115,827
MORGAN KEEGAN & COMPANY INC         $444,636,876    $466,359,725    $445,768,935
STATE STREET GLOBAL MARKETS LLC     $417,552,656    $407,733,807    $408,519,996
CIBC WORLD MARKETS CORP             $410,638,325    $477,098,126    $431,176,593
RAYMOND JAMES & ASSOCIATES INC      $403,691,012    $404,827,763    $349,567,515
TD AMERITRADE INC                   $366,642,606    $329,827,075    $291,746,768
DAIWA CAPITAL MARKETS AMERICA       $312,970,916    $282,414,816    $300,951,087
CANTOR FITZGERALD & CO              $307,671,945    $245,343,312    $272,283,419
BNY MELLON CLEARING LLC             $260,661,672    $302,155,674    $122,909,026
MIZUHO SECURITIES USA INC           $218,422,887    $175,746,747    $284,382,445
NATIXIS SECURITIES NORTH AMERICA    $213,261,018    $209,425,209    $202,841,296
SANTANDER INVESTMENT SECURITIES     $210,318,508    $201,198,757    $497,891,697
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                                            Aug.            July            June
                                            2011            2011            2011
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AMERIPRISE FINANCIAL SERVICES       $171,489,373    $153,717,338    $156,605,302
MF GLOBAL INC                       $167,179,673   -$150,569,277    $170,954,758
SANFORD C BERNSTEIN & CO LLC        $165,019,293    $160,262,358    $159,973,412
PENSON FINANCIAL SERVICES INC       $158,048,574             n/a             n/a
OPPENHEIMER & CO INC                $139,653,401    $143,563,206    $138,238,914
LPL FINANCIAL LLC                   $138,913,304    $115,014,795     $86,587,224
OANDA CORPORATION                   $129,495,609    $129,569,856    $136,002,756
BNP PARIBAS COMMODITY FUTURES       $121,225,083    $121,802,998    $136,234,837
ADM INVESTOR SERVICES INC           $120,778,117    $124,624,099    $122,251,508
INSTINET LLC                        $117,509,528    $116,147,164    $120,497,956
MITSUBISHI UFJ SECURITIES USA       $107,446,426     $94,184,741     $93,034,380
ABN AMRO CLEARING CHICAGO LLC        $98,753,514    $131,987,608    $108,681,627
ALLIANZ GLOBAL INVESTORS             $80,546,868     $80,546,868     $80,546,868
OPTIONSXPRESS INC                    $65,742,870     $69,365,574     $64,325,013
MACQUARIE FUTURES USA INC            $63,657,614     $63,829,679     $67,783,942
STEPHENS                             $62,392,234     $68,212,609     $63,491,576
BGC FINANCIAL LP                     $60,377,251     $59,151,271     $72,710,986
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                                            Aug.            July            June
                                            2011            2011            2011
================================================================================
RAND FINANCIAL SERVICES INC          $57,489,741     $54,718,182     $57,085,785
RJ OBRIEN ASSOCIATES LLC             $56,112,229     $57,734,182     $55,377,407
TRADESTATION SECURITIES INC          $55,833,621     $53,098,327     $53,620,691
GLOBAL FUTURES & FOREX LTD           $55,499,463     $54,245,744     $51,740,125
TENCO INC                            $53,149,122     $53,215,850     $51,098,591
FOREX CAPITAL MARKETS LLC            $52,844,802     $33,860,803     $40,045,197
WELLS FARGO ADVISORS FINANCIAL       $49,559,007     $49,823,206     $45,992,380
ICAP CORPORATES LLC                  $47,362,874     $50,301,032             n/a
GUGGENHEIM SECURITIES LLC            $46,533,849     $81,987,371             n/a
NEUBERGER BERMAN LLC                 $46,454,140     $89,321,020     $74,314,912
FCSTONE LLC                          $42,059,161     $47,440,403     $50,608,643
ROSENTHAL GLOBAL SECURITIES LLC      $41,480,711     $48,567,696     $42,738,237
JEFFERIES BACHE LLC                  $41,335,440     $62,387,600             n/a
TRADELINK LLC                        $34,250,005     $25,592,423     $23,187,205
GAIN CAPITAL GROUP LLC               $29,518,117     $45,527,674     $24,865,510
ROSENTHAL COLLINS GROUP LLC          $25,058,638     $20,736,137     $22,761,465
VISION FINANCIAL MARKETS LLC         $19,005,341     $17,132,898     $13,820,462
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                                            Aug.            July            June
                                            2011            2011            2011
================================================================================
FX SOLUTIONS LLC                     $17,338,005     $17,959,992     $17,617,169
IKON GLOBAL MARKETS INC              $16,183,731     $15,537,384     $13,546,745
PEREGRINE FINANCIAL GROUP INC        $14,723,303     $14,883,075     $15,404,542
FXDIRECTDEALER LLC                   $12,982,933     $10,174,986      $3,752,561
MCVEAN TRADING & INVESTMENTS LLC     $11,375,092     $12,248,934      $9,687,240
ADVANTAGE FUTURES LLC                 $9,394,985      $8,178,183      $6,451,846
CROSSLAND LLC                         $9,296,891      $7,401,696      $7,936,369
PHILLIP FUTURES INC                   $8,684,699      $8,972,848             n/a
DORMAN TRADING LLC                    $8,492,565      $9,022,341      $9,183,106
MBF CLEARING CORP                     $7,187,728      $7,422,290      $7,795,516
LEK SECURITIES CORPORATION            $7,152,521      $8,656,234      $7,483,644
ENSKILDA FUTURES LTD                  $6,680,703     $10,678,335     $14,388,388
STRAITS FINANCIAL LLC                 $6,558,514      $7,195,852             n/a
ICAP FUTURES LLC                      $6,434,046      $6,783,642      $5,399,763
MID CO COMMODITIES INC                $5,578,312      $6,869,137      $6,624,130
ALPARI (US) LLC                       $5,461,602      $5,394,755      $5,464,071
EAGLE MARKET MAKERS INC               $5,262,988      $5,895,391      $6,259,875
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                                            Aug.            July            June
                                            2011            2011            2011
================================================================================
MB TRADING FUTURES INC                $5,225,246      $5,862,711      $5,264,575
INTERBANK FX LLC                      $3,807,126      $4,309,576      $4,239,159
COUNTRY HEDGING INC                   $3,750,827      $7,419,288      $7,501,968
TRADESTATION FOREX INC                $3,271,704      $3,241,951             n/a
MAREX NORTH AMERICA LLC               $3,174,693      $4,256,862             n/a
STERLING COMMODITIES CORP             $3,143,072      $7,589,930      $7,339,635
COMPASS PROFESSIONAL SERVICES         $2,977,205      $3,225,724      $2,956,982
XPRESSTRADE LLC                       $2,865,434      $2,841,980             n/a
CX CAPITAL MARKETS LLC                $2,564,275      $2,551,690      $1,774,656
FRIEDBERG MERCANTILE GROUP INC        $2,409,166      $2,394,545      $2,396,290
YORK BUSINESS ASSOCIATES LLC          $2,400,473      $1,777,280      $1,465,175
OPEN E CRY LLC                        $2,319,394      $2,256,975      $2,099,420
CUNNINGHAM COMMODITIES LLC            $2,190,521      $2,241,129      $2,258,434
PIONEER FUTURES INC                   $2,181,608      $1,950,799      $1,949,623
IRONBEAM INC                          $2,036,135      $2,285,813      $2,005,881
MITSUI BUSSAN COMMODITIES USA         $1,981,295      $1,955,815      $2,060,035
MAREX USA LIMITED                     $1,683,547        $716,374      $1,831,024
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                                            Aug.            July            June
                                            2011            2011            2011
================================================================================
WHITE COMMERCIAL CORPORATION          $1,668,191      $1,366,238      $1,520,673
ITG DERIVATIVES LLC                   $1,461,655      $1,277,500      $1,511,600
LINN GROUP THE                        $1,264,410      $1,532,242      $1,453,189
LIMESTONE TRADING LLC                 $1,190,022      $3,572,982      $5,626,033
COMMONWEALTH FOREIGN EXCHANGE         $1,183,043         $97,160        $905,103
PENSON FUTURES                        $1,152,683     $10,710,653      $7,175,048
CAPITAL MARKET SERVICES LLC           $1,003,138      $1,486,474      $2,088,686
FOREX CLUB LLC                          $988,102        $778,697        $238,568
VELOCITY FUTURES LLC                    $901,168        $637,032        $768,365
FRONTIER FUTURES INC                    $882,102        $905,319        $878,161
INSTITUTIONAL LIQUIDITY LLC             $806,478      $1,020,003      $1,042,633
EASY FOREX US LTD                       $769,266        $793,699        $815,181
INTEGRATED BROKERAGE SERVICES           $631,911        $609,878        $600,684
TCA FUTURES LLC                         $598,611        $617,602        $636,255
FUTURES TECH LLC                        $591,719        $604,600        $567,792
AMP GLOBAL CLEARING LLC                 $566,004        $479,172        $461,689
TOWER RESEARCH CAPITAL EUROPE           $547,117        $710,712        $538,014
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                                            Aug.            July            June
                                            2011            2011            2011
================================================================================
TRADITION SECURITIES AND FUTURES        $542,288        $541,987        $542,077
WALL STREET DERIVATIVES INC             $477,897        $504,821             n/a
ADVANCED MARKETS LLC                    $444,262        $334,655        $149,848
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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

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