CFTC-Registered Firms’ Adjusted Net Capital for February

Following is a table detailing Futures Commission Merchants’ adjusted net capital as of the end of February. 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.

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                                            Feb.            Jan.            Dec.
                                            2012            2012            2011
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UBS SECURITIES LLC               $11,964,677,986 $12,411,574,774 $12,278,665,379
GOLDMAN SACHS & CO               $11,369,767,453 $11,799,253,757 $11,422,646,769
JP MORGAN SECURITIES LLC         $11,156,844,667 $10,420,866,348 $11,100,234,132
MERRILL LYNCH PIERCE FENNER & SM $11,029,181,118 $10,642,318,035 $10,761,042,594
DEUTSCHE BANK SECURITIES INC      $8,721,604,572  $8,623,920,551  $8,096,091,854
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                                            Feb.            Jan.            Dec.
                                            2012            2012            2011
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MORGAN STANLEY & CO LLC           $8,111,719,495  $8,329,719,918  $8,248,535,395
CITIGROUP GLOBAL MARKETS INC      $7,943,191,448  $7,829,923,378  $7,773,386,855
CREDIT SUISSE SECURITIES (USA) L  $7,925,947,135  $7,408,055,421  $8,413,793,960
JP MORGAN CLEARING CORP           $7,451,568,193  $7,220,983,846  $7,429,640,902
BARCLAYS CAPITAL INC              $6,090,435,839  $6,379,500,302  $6,415,675,853
RBS SECURITIES INC                $3,555,546,818  $3,363,450,662  $3,168,204,462
NOMURA SECURITIES INTERNATIONAL   $2,394,964,392  $2,350,554,945  $2,455,113,299
NEWEDGE USA LLC                   $2,236,155,946  $2,296,492,952  $2,313,980,909
BNP PARIBAS PRIME BROKERAGE INC   $2,170,802,694  $2,172,257,273  $2,246,207,500
MERRILL LYNCH PROFESSIONAL CLEAR  $2,060,613,567  $2,154,954,999  $3,453,901,293
GOLDMAN SACHS EXECUTION & CLEARI  $2,043,449,436  $2,076,098,567  $2,100,793,132
BNP PARIBAS SECURITIES CORP       $1,916,337,941  $1,848,943,394  $1,985,533,776
WELLS FARGO SECURITIES LLC        $1,729,886,336  $1,995,307,912  $2,015,265,498
WELLS FARGO ADVISORS LLC          $1,512,099,880  $1,471,124,329  $1,448,731,415
RBC CAPITAL MARKETS LLC           $1,449,255,671  $1,442,456,042  $1,365,027,475
INTERACTIVE BROKERS LLC           $1,288,596,483  $1,205,957,336  $1,365,792,737
UBS FINANCIAL SERVICES INC        $1,136,809,222  $1,179,395,324  $1,181,174,373
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                                            Feb.            Jan.            Dec.
                                            2012            2012            2011
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MORGAN STANLEY SMITH BARNEY LLC   $1,117,957,020    $957,557,612    $842,942,107
HSBC SECURITIES USA INC           $1,106,695,827  $1,110,945,672  $1,173,678,113
JEFFERIES & COMPANY INC             $961,359,765    $796,438,048    $974,771,795
TIMBER HILL LLC                     $843,408,425    $812,211,401    $826,384,613
MORGAN KEEGAN & COMPANY INC         $554,930,478    $554,796,546    $546,477,724
CIBC WORLD MARKETS CORP             $511,042,767    $494,847,697    $500,140,583
STATE STREET GLOBAL MARKETS LLC     $442,573,808    $449,363,596    $435,779,624
CITADEL SECURITIES LLC              $418,430,562    $493,900,597    $460,712,467
MIZUHO SECURITIES USA INC           $407,177,276    $408,112,312    $425,295,200
RAYMOND JAMES & ASSOCIATES INC      $365,044,667    $397,000,874    $362,445,568
NATIXIS SECURITIES AMERICAS LLC     $347,692,387    $351,950,052    $360,313,450
ABN AMRO CLEARING CHICAGO LLC       $322,436,745    $286,909,134    $301,490,207
TD AMERITRADE INC                   $318,590,768    $296,595,972    $276,307,123
DAIWA CAPITAL MARKETS AMERICA IN    $308,542,073    $278,547,610    $300,214,360
CANTOR FITZGERALD & CO              $263,269,327    $264,137,307    $284,283,098
BNY MELLON CLEARING LLC             $262,190,901    $262,597,229    $256,040,725
ADM INVESTOR SERVICES INC           $260,304,846    $250,739,498    $256,605,074
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                                            Feb.            Jan.            Dec.
                                            2012            2012            2011
JEFFERIES BACHE LLC                 $230,276,000    $229,974,000    $263,593,000
MITSUBISHI UFJ SECURITIES USA IN    $226,943,825    $242,142,742    $246,365,060
SANTANDER INVESTMENT SECURITIES     $200,271,304    $292,498,467     $91,705,651
RJ OBRIEN ASSOCIATES LLC            $198,224,186    $205,384,397    $201,729,011
OPPENHEIMER & CO INC                $162,203,888    $156,537,621    $144,404,773
OANDA CORPORATION                   $140,526,582    $147,933,420    $140,452,807
MACQUARIE FUTURES USA LLC           $133,187,430    $138,521,666    $136,089,702
INSTINET LLC                        $123,202,001    $126,496,359    $131,271,029
LPL FINANCIAL LLC                   $122,328,907    $116,626,083    $100,944,413
FCSTONE LLC                         $108,788,903    $112,033,464    $116,943,999
PENSON FINANCIAL SERVICES INC       $103,472,532    $141,866,188    $143,384,895
ROSENTHAL COLLINS GROUP LLC          $95,759,597     $82,705,235     $91,412,560
STEPHENS INC                         $92,566,336     $84,370,617     $86,619,522
GLOBAL FUTURES & FOREX LTD           $78,757,399     $77,406,343     $79,672,867
OPTIONSXPRESS INC                    $75,309,558     $73,013,635     $79,533,082

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                                            Feb.            Jan.            Dec.
                                            2012            2012            2011
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RAND FINANCIAL SERVICES INC          $74,303,636     $74,422,500     $74,546,158
FOREX CAPITAL MARKETS LLC            $70,970,146     $37,691,724     $31,243,101
AMERIPRISE FINANCIAL SERVICES IN     $65,724,198     $68,282,696    $114,975,113
TENCO INC                            $63,238,708     $62,516,854     $62,124,914
GUGGENHEIM SECURITIES LLC            $56,079,222     $69,636,211     $63,410,030
ICAP CORPORATES LLC                  $49,882,520     $49,013,056     $52,288,042
GAIN CAPITAL GROUP LLC               $49,702,410     $61,167,574     $35,700,900
TRADESTATION SECURITIES INC          $48,604,078     $50,452,531     $54,719,507
BGC FINANCIAL LP                     $48,190,419     $54,883,399     $59,241,089
ENSKILDA FUTURES LTD                 $39,679,060     $39,311,059     $38,846,228
WELLS FARGO ADVISORS FINANCIAL N     $37,830,030     $40,224,404     $34,947,904
NEUBERGER BERMAN LLC                 $36,373,242     $25,348,889    $101,768,984
FX SOLUTIONS LLC                     $34,112,319     $39,922,089     $41,409,111
PEREGRINE FINANCIAL GROUP INC        $31,267,263     $32,592,493     $33,644,888
FXDIRECTDEALER LLC                   $27,752,368     $27,118,889     $27,886,601

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                                            Feb.            Jan.            Dec.
                                            2012            2012            2011
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VISION FINANCIAL MARKETS LLC         $27,514,634     $29,079,552     $29,815,872
ALPARI (US) LLC                      $26,494,182     $23,919,475     $25,397,941
TRADESTATION FOREX INC               $24,223,703     $22,822,688     $25,235,604
XPRESSTRADE LLC                      $23,016,858     $22,985,018     $22,972,452
FOREX CLUB LLC                       $22,280,354     $22,187,518     $22,923,338
INSTITUTIONAL LIQUIDITY LLC          $22,057,972     $20,142,670     $20,066,042
ADVANTAGE FUTURES LLC                $21,737,705     $21,020,804     $20,606,735
ADVANCED MARKETS LLC                 $20,514,940     $20,523,266     $20,542,742
COUNTRY HEDGING INC                  $17,760,230     $20,162,288     $20,279,150
TRADELINK LLC                        $15,401,216     $21,047,127     $29,804,251
IKON GLOBAL MARKETS INC              $15,384,070      $4,105,458      $9,069,658
MAREX NORTH AMERICA LLC              $15,325,048     $16,195,629     $16,632,577
MCVEAN TRADING & INVESTMENTS LLC     $14,137,638     $14,121,964     $14,363,892
LEK SECURITIES CORPORATION           $11,030,018     $10,195,057      $8,362,812
CROSSLAND LLC                        $10,268,063      $9,813,937      $9,686,832
DORMAN TRADING LLC                    $9,995,775      $9,174,210      $9,337,433
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                                            Feb.            Jan.            Dec.
                                            2012            2012            2011
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PHILLIP FUTURES INC                   $9,580,225      $9,543,340      $9,216,812
GH FINANCIALS LLC                     $9,058,854      $9,159,941      $9,316,092
MID CO COMMODITIES INC                $7,860,966      $7,749,139     $12,602,720
STRAITS FINANCIAL LLC                 $7,696,573      $7,738,132      $8,175,117
EAGLE MARKET MAKERS INC               $7,264,424      $6,672,718      $6,850,265
MB TRADING FUTURES INC                $3,531,864     $24,722,017     $25,101,763
CX CAPITAL MARKETS LLC                $3,430,170      $3,438,934      $3,476,105
ITG DERIVATIVES LLC                   $3,254,399      $3,646,817      $3,458,875
LINN GROUP THE                        $3,065,057      $3,103,665      $3,266,504
CUNNINGHAM COMMODITIES LLC            $2,953,995      $3,328,529      $3,264,255
MITSUI BUSSAN COMMODITIES USA IN      $2,902,366      $2,880,697      $2,872,848
IRONBEAM INC                          $2,787,667      $2,707,316      $2,954,674
OPEN E CRY LLC                        $2,780,544      $2,891,733      $3,042,332
CAPITAL MARKET SERVICES LLC           $2,761,557      $2,656,471      $3,029,324
FRIEDBERG MERCANTILE GROUP INC        $2,707,266      $2,810,904      $2,822,365
MAREX USA LIMITED                     $2,629,658      $2,396,631      $2,354,140

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                                            Feb.            Jan.            Dec.
                                            2012            2012            2011
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WHITE COMMERCIAL CORPORATION          $2,263,626      $2,256,921      $2,706,910
MBF CLEARING CORP                     $2,241,136      $2,489,337      $6,206,290
AMP GLOBAL CLEARING LLC               $2,082,140      $1,837,837      $1,804,321
PIONEER FUTURES INC                   $2,045,281      $2,195,729      $2,457,563
FRONTIER FUTURES INC                  $1,908,474      $1,919,224      $1,921,603
STERLING COMMODITIES CORP             $1,860,908      $1,779,838      $1,704,395
YORK BUSINESS ASSOCIATES LLC          $1,849,770      $1,650,074      $1,613,629
EASY FOREX US LTD                     $1,642,706      $1,663,365      $1,686,103
COMMONWEALTH FOREIGN EXCHANGE IN      $1,568,638      $1,660,087      $1,097,600
FUTURES TECH LLC                      $1,558,583      $1,566,857      $1,585,137
TRADITION SECURITIES AND FUTURES      $1,515,984      $1,515,857      $1,515,705
VELOCITY FUTURES LLC                  $1,142,290      $1,091,003      $1,675,512
INTEGRATED BROKERAGE SERVICES LL        $977,249      $1,039,360      $1,548,446
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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
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                                            Feb.            Jan.            Dec.
                                            2012            2012            2011
================================================================================
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: Stephen Rose in Washington at srose31@bloomberg.net

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

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