CFTC-Registered Firms’ Change in Excess Net Capital
By Stephen Rose -
2012-09-11T14:08:35Z
Following is a table detailing Futures Commission Merchants’ monthly change in excess net capital for July. 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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July June May July
2012 2012 2012 YOY%
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MBF CLEARING CORP 338.0% -36.1% -60.8% -82.5%
NEUBERGER BERMAN LLC 104.4% -78.9% 52.0% -69.2%
LINN GROUP THE 92.8% -29.6% -8.1% 14.1%
OPEN E CRY LLC 91.1% -39.9% -39.5% -48.3%
YORK BUSINESS ASSOCIATES LLC 72.9% 4.2% 32.5% 38.4%
IKON GLOBAL MARKETS INC 67.8% 0.3% -35.5% 15.4%
ABN AMRO CLEARING CHICAGO LLC 36.8% -35.9% -10.5% 27.4%
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July June May July
2012 2012 2012 YOY%
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CUNNINGHAM COMMODITIES LLC 28.6% -13.7% -9.4% -22.9%
CITADEL SECURITIES LLC 21.8% -11.6% -6.0% 5.1%
MORGAN STANLEY SMITH BARNEY LLC 19.8% -5.8% 80.1% 86.3%
MORGAN KEEGAN & COMPANY INC 16.8% -9.2% -56.6% -43.6%
FX SOLUTIONS LLC 12.3% 15.3% -56.7% -56.2%
RAYMOND JAMES & ASSOCIATES INC 11.8% -10.9% -10.2% -14.3%
SANTANDER INVESTMENT SECURITIES 11.6% 69.0% -50.2% -64.2%
TD AMERITRADE INC 10.2% 4.7% -35.1% -19.7%
STEPHENS INC 9.3% -10.0% -2.7% 20.9%
GUGGENHEIM SECURITIES LLC 7.7% 8.4% 19.9% n/a
MITSUI BUSSAN COMMODITIES USA IN 7.4% -7.4% 10.8% 1.8%
ICAP CORPORATES LLC 7.4% -12.2% 1.2% n/a
WELLS FARGO ADVISORS LLC 7.3% -0.1% -21.1% 65.8%
FCSTONE LLC 7.3% -13.4% -2.5% -33.8%
INTERACTIVE BROKERS LLC 6.7% -3.9% 14.7% 22.4%
WELLS FARGO SECURITIES LLC 6.4% 13.4% 14.0% 50.1%
CROSSLAND LLC 5.7% 6.8% -8.6% -29.3%
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July June May July
2012 2012 2012 YOY%
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INSTINET LLC 5.5% -7.1% -5.0% -5.6%
DAIWA CAPITAL MARKETS AMERICA IN 5.0% 6.3% -3.7% 9.5%
LPL FINANCIAL LLC 4.9% -6.0% 8.6% 43.9%
OANDA CORPORATION 4.7% -6.1% 10.2% -10.2%
OPPENHEIMER & CO INC 4.5% 2.4% -16.1% -10.6%
OPTIONSXPRESS INC 4.3% -5.1% 0.2% 7.0%
LEK SECURITIES CORPORATION 3.4% n/a -100.0% 42.8%
GAIN CAPITAL GROUP LLC 3.4% 92.4% -33.4% 33.2%
MORGAN STANLEY & CO LLC 3.1% -19.0% 0.5% 9.6%
FRONTIER FUTURES INC 3.0% 5.3% -0.8% 11.4%
UBS FINANCIAL SERVICES INC 3.0% -0.7% 5.5% -11.7%
IRONBEAM INC 2.6% -21.3% 10.4% -20.5%
CAPITAL MARKET SERVICES LLC 2.5% 8.2% -5.6% -11.7%
DORMAN TRADING LLC 2.2% 12.2% -14.9% -13.2%
RBC CAPITAL MARKETS LLC 1.7% 11.0% -10.0% 22.6%
FRIEDBERG MERCANTILE GROUP INC 1.7% 1.0% 5.1% -23.1%
UBS SECURITIES LLC 1.6% 3.9% 3.4% 16.0%
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July June May July
2012 2012 2012 YOY%
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RBS SECURITIES INC 1.5% 9.9% 5.0% 83.2%
ROSENTHAL COLLINS GROUP LLC 1.3% 5.4% -25.9% -1.7%
STATE STREET GLOBAL MARKETS LLC 1.2% -0.3% 3.2% 10.9%
SANFORD C BERNSTEIN & CO LLC 1.2% 6.2% 18.8% -12.8%
BNP PARIBAS SECURITIES CORP 1.1% -0.2% 0.0% 10.9%
WHITE COMMERCIAL CORPORATION 0.8% 13.0% 8.1% 2.3%
PHILLIP FUTURES INC 0.6% 556.1% -49.4% n/a
MERRILL LYNCH PIERCE FENNER & SM 0.4% -0.2% -1.1% 9.0%
GH FINANCIALS LLC 0.4% 0.6% -5.5% n/a
GOLDMAN SACHS EXECUTION & CLEARI 0.3% 3.8% 1.8% 31.4%
WELLS FARGO ADVISORS FINANCIAL N 0.3% -17.9% 13.5% -25.2%
EAGLE MARKET MAKERS INC 0.2% 2.5% -22.9% -20.8%
NOMURA SECURITIES INTERNATIONAL 0.2% 6.0% -18.0% 16.0%
TRADITION SECURITIES AND FUTURES 0.0% 0.0% -0.2% -5.0%
HSBC SECURITIES USA INC 0.0% n/a -100.0% 4.1%
GOLDMAN SACHS & CO -0.1% 2.3% 24.8% 24.9%
CX CAPITAL MARKETS LLC -0.7% 0.2% -2.6% 32.8%
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July June May July
2012 2012 2012 YOY%
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BNY MELLON CLEARING LLC -1.3% n/a -100.0% 100.9%
TRADESTATION SECURITIES INC -1.5% 3.1% 3.1% -11.8%
NATIXIS SECURITIES AMERICAS LLC -1.5% -4.2% 3.5% 66.7%
CIBC WORLD MARKETS CORP -1.9% -4.6% -3.9% 6.3%
VELOCITY FUTURES LLC -2.5% -10.8% 391.4% -20.8%
JP MORGAN CLEARING CORP -2.5% 0.1% 0.1% 3.1%
JP MORGAN SECURITIES LLC -2.5% 5.7% 2.1% 2.9%
MB TRADING FUTURES INC -2.8% 10.8% -112.6% -54.8%
CANTOR FITZGERALD & CO -3.1% 22.7% -20.1% -11.6%
ITG DERIVATIVES LLC -3.3% 8.7% 27.0% 99.2%
NEWEDGE USA LLC -3.3% 3.7% -24.2% -13.5%
STRAITS FINANCIAL LLC -3.5% 55.7% -13.9% n/a
MERRILL LYNCH PROFESSIONAL CLEAR -3.5% 3.7% -23.6% -14.5%
AMERIPRISE FINANCIAL SERVICES IN -4.1% 2.6% 101.0% -18.2%
XPRESSTRADE LLC -4.3% -0.2% -1.0% n/a
EASY FOREX US LTD -4.4% -4.3% -12.1% -36.6%
ADM INVESTOR SERVICES INC -4.4% -3.9% 15.5% -3.9%
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July June May July
2012 2012 2012 YOY%
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BNP PARIBAS PRIME BROKERAGE INC -4.7% 0.4% 3.6% n/a
COUNTRY HEDGING INC -5.1% 56.7% -2.8% -29.8%
PIONEER FUTURES INC -5.5% 5.5% -27.6% -61.3%
JEFFERIES & COMPANY INC -5.7% 10.2% -20.9% n/a
RJ OBRIEN ASSOCIATES LLC -5.8% -16.1% 22.9% -1.3%
CITIGROUP GLOBAL MARKETS INC -7.5% -1.7% -9.6% -6.6%
BARCLAYS CAPITAL INC -7.5% 20.1% -14.0% 2.3%
MCVEAN TRADING & INVESTMENTS LLC -7.6% -3.8% 8.7% 3.1%
ADVANTAGE FUTURES LLC -8.7% 20.1% -22.6% 27.8%
CREDIT SUISSE SECURITIES (USA) L -9.6% -17.5% -24.9% -52.5%
TRADELINK LLC -10.0% -13.3% 13.3% -45.1%
BGC FINANCIAL LP -10.0% 19.7% 10.4% -23.1%
DEUTSCHE BANK SECURITIES INC -10.2% -4.6% 1.2% 5.8%
COMMONWEALTH FOREIGN EXCHANGE IN -11.0% 51.1% 3.9% -12.3%
FXDIRECTDEALER LLC -11.2% 52.0% -46.3% 23.2%
JEFFERIES BACHE LLC -12.8% -7.7% -0.7% n/a
TIMBER HILL LLC -13.3% -6.9% -8.3% -38.7%
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July June May July
2012 2012 2012 YOY%
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GLOBAL FUTURES & FOREX LTD -14.8% 17.0% -27.0% -22.7%
AMP GLOBAL CLEARING LLC -15.4% 4.0% -8.7% 88.4%
MITSUBISHI UFJ SECURITIES USA IN -17.5% 1.2% 3.7% 109.8%
MID CO COMMODITIES INC -20.1% -15.3% 160.6% -42.6%
ENSKILDA FUTURES LTD -20.2% 34.9% -22.9% 19.2%
VISION FINANCIAL MARKETS LLC -20.3% 96.5% -62.9% -26.4%
RAND FINANCIAL SERVICES INC -21.9% 6.1% 4.2% -11.4%
FOREX CAPITAL MARKETS LLC -23.6% 70.5% -63.9% -48.4%
MAREX USA LIMITED -23.7% 0.7% 9.1% -25.4%
MIZUHO SECURITIES USA INC -24.4% -20.2% -4.2% -46.6%
ADVANCED MARKETS LLC -27.5% -11.6% -20.3% 75.6%
MAREX NORTH AMERICA LLC -28.9% 41.8% -32.7% n/a
FOREX CLUB LLC -33.0% -74.4% 283.9% -22.7%
ALPARI (US) LLC -36.3% -2.1% 18.2% -12.5%
MACQUARIE FUTURES USA LLC -56.9% -6.1% 6.0% -51.8%
INSTITUTIONAL LIQUIDITY LLC -77.8% -14.3% -15.8% -69.0%
TENCO INC -100.0% -4.0% -14.8% -100.0%
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July June May July
2012 2012 2012 YOY%
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INTEGRATED BROKERAGE SERVICES LL -334.1% -3.0% -1527.2% -222.8%
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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
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July June May July
2012 2012 2012 YOY%
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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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