CFTC-Registered Firms’ Excess Net Capital for August

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
                                            2012            2012            2012
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GOLDMAN SACHS & CO               $12,498,205,295 $11,998,709,444 $12,008,045,437
UBS Securities LLC               $11,905,268,250 $12,004,613,283 $11,815,847,367
JP MORGAN SECURITIES LLC         $10,931,929,806 $10,082,794,391 $10,344,916,373
Merrill Lynch PIERCE FENNER & SM $10,294,814,532 $10,152,936,688 $10,109,758,817
DEUTSCHE BANK SECURITIES INC      $7,961,766,702  $6,941,884,009  $7,728,220,287
CITIGROUP GLOBAL MARKETS INC      $6,167,934,333  $5,890,742,101  $6,369,946,635
Morgan Stanley & CO LLC           $5,758,978,328  $5,858,837,941  $5,681,697,690
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                                            Aug.            July            June
                                            2012            2012            2012
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CREDIT SUISSE SECURITIES (USA) L  $5,384,024,743  $3,788,237,361  $4,188,620,808
JP MORGAN CLEARING CORP           $5,302,949,146  $5,196,098,057  $5,331,011,163
BARCLAYS CAPITAL INC              $5,060,570,220  $4,857,083,084  $5,253,319,955
RBS SECURITIES INC                $4,109,892,377  $3,834,566,473  $3,779,618,469
WELLS FARGO SECURITIES LLC        $2,533,225,577  $2,368,139,609  $2,225,109,542
MORGAN STANLEY SMITH BARNEY LLC   $2,254,217,673  $2,189,009,523  $1,826,881,363
GOLDMAN SACHS EXECUTION & CLEARI  $2,024,086,521  $2,041,575,202  $2,034,750,313
BNP PARIBAS PRIME BROKERAGE INC   $1,923,715,925  $1,857,975,445  $1,950,447,485
Nomura Securities INTERNATIONAL   $1,914,930,881  $2,063,441,275  $2,059,583,970
BNP PARIBAS SECURITIES CORP       $1,888,122,539  $1,812,696,806  $1,793,548,479
MERRILL LYNCH PROFESSIONAL CLEAR  $1,762,440,828  $1,428,678,789  $1,480,919,514
Interactive Brokers LLC           $1,376,925,755  $1,287,671,874  $1,206,425,971
RBC Capital Markets  LLC           $1,318,080,919  $1,391,705,426  $1,368,425,686
WELLS FARGO ADVISORS LLC          $1,170,704,841  $1,277,367,070  $1,190,431,698
UBS Financial Services INC        $1,100,855,819  $1,101,408,139  $1,069,306,172
HSBC Securities USA INC           $1,044,500,878  $1,041,267,573  $1,041,224,961
JEFFERIES & COMPANY INC             $756,211,427    $752,734,710    $798,027,162
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                                            Aug.            July            June
                                            2012            2012            2012
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Newedge USA LLC                     $670,263,550    $663,890,228    $686,399,404
Timber Hill LLC                     $668,608,958    $589,463,957    $680,022,570
CIBC WORLD MARKETS CORP             $508,105,365    $458,263,103    $467,349,337
STATE STREET GLOBAL MARKETS LLC     $458,072,791    $452,996,303    $447,408,661
CITADEL SECURITIES LLC              $407,563,303    $422,750,422    $347,000,572
NATIXIS SECURITIES AMERICAS LLC     $354,541,876    $338,108,511    $343,379,520
Raymond James & Associates INC      $289,252,605    $299,621,597    $267,967,232
DAIWA CAPITAL MARKETS AMERICA IN    $286,301,030    $329,649,912    $313,833,113
Morgan Keegan & COMPANY INC         $269,693,428    $251,399,300    $215,287,773
BNY MELLON CLEARING LLC             $257,204,852    $246,904,617    $250,138,795
CANTOR FITZGERALD & CO              $251,160,603    $240,751,043    $248,558,764
Mizuho Securities USA INC           $250,613,308    $151,803,067    $200,903,218
TD AMERITRADE INC                   $242,221,697    $234,351,389    $212,583,817
MITSUBISHI UFJ SECURITIES USA IN    $214,170,824    $195,173,454    $236,458,808
Santander Investment Securities     $170,851,214    $178,025,968    $159,553,598
ABN AMRO CLEARING CHICAGO LLC       $136,363,493    $138,433,904    $101,221,893
SANFORD C BERNSTEIN & CO LLC        $132,724,529    $139,551,934    $137,920,325
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                                            Aug.            July            June
                                            2012            2012            2012
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Oppenheimer & Co INC                $123,271,273    $123,622,533    $118,314,359
Oanda Corporation                   $118,148,417    $122,111,766    $116,633,877
LPL FINANCIAL LLC                   $113,851,050    $124,600,962    $118,735,263
AMERIPRISE FINANCIAL SERVICES IN    $110,144,337    $128,127,050    $133,540,671
Instinet LLC                        $107,109,943    $113,799,000    $107,823,403
ADM INVESTOR SERVICES INC           $105,235,887    $117,507,818    $122,928,250
OPTIONSXPRESS INC                    $71,446,200     $68,824,053     $65,979,556
Stephens Inc                         $70,130,903     $76,735,767     $70,233,364
GUGGENHEIM SECURITIES LLC            $65,232,517     $74,672,345     $69,340,085
JEFFERIES BACHE LLC                  $59,790,280     $59,345,640     $68,039,640
RAND FINANCIAL SERVICES INC          $50,905,393     $50,595,453     $64,752,404
RJ OBRIEN ASSOCIATES LLC             $49,972,992     $54,671,338     $58,055,614
Tradestation Securities INC          $47,865,858     $47,298,720     $48,014,688
ICAP CORPORATES LLC                  $43,983,430     $46,327,929     $43,146,357
BGC FINANCIAL LP                     $41,383,440     $55,933,874     $62,166,104
FCSTONE LLC                          $35,947,406     $33,508,039     $31,235,372
GLOBAL FUTURES & FOREX LTD           $34,677,011     $39,997,292     $46,926,091
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                                            Aug.            July            June
                                            2012            2012            2012
================================================================================
WELLS FARGO ADVISORS FINANCIAL N     $33,435,947     $34,423,309     $34,328,090
MACQUARIE FUTURES USA LLC            $27,089,123     $32,638,493     $75,723,315
Neuberger Berman LLC                 $25,931,666     $22,907,902     $11,205,827
Rosenthal Collins Group LLC          $24,291,304     $22,378,108     $22,098,852
Gain Capital Group  LLC               $23,311,319     $33,109,317     $32,029,862
ENSKILDA FUTURES LTD                 $17,000,680     $17,157,626     $21,487,377
FOREX CAPITAL MARKETS LLC            $15,970,210     $20,653,816     $27,017,654
IKON GLOBAL MARKETS INC              $14,997,501     $15,637,775      $9,316,943
Tradelink LLC                         $14,496,198     $12,738,520     $14,157,847
LEK SECURITIES CORPORATION           $10,360,070     $10,684,685     $10,333,919
VISION FINANCIAL MARKETS LLC         $10,111,645     $10,174,174     $12,766,332
ALPARI (US) LLC                       $9,790,370      $4,779,449      $7,505,597
MCVEAN TRADING & INVESTMENTS LLC      $8,892,209      $9,986,212     $10,804,083
ADVANTAGE FUTURES LLC                 $8,358,470      $8,247,187      $9,031,930
DORMAN TRADING LLC                    $7,893,481      $7,973,492      $7,799,703
GH FINANCIALS LLC                     $7,728,364      $7,685,833      $7,656,158
FX Solutions LLC                      $7,682,785      $7,710,495      $6,865,186
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                                            Aug.            July            June
                                            2012            2012            2012
================================================================================
PHILLIP FUTURES INC                   $7,562,595     $24,595,223     $24,459,365
STRAITS FINANCIAL LLC                 $7,482,213      $7,525,070      $7,798,222
CROSSLAND LLC                         $5,685,824      $5,612,864      $5,308,172
COUNTRY HEDGING INC                   $5,242,346      $5,270,124      $5,552,326
EAGLE MARKET MAKERS INC               $5,205,616      $4,960,890      $4,950,618
MAREX NORTH AMERICA LLC               $5,159,273      $5,190,571      $7,305,324
FXDIRECTDEALER LLC                    $3,217,078      $4,624,383      $5,205,123
ITG DERIVATIVES LLC                   $3,210,390      $3,011,472      $3,112,650
XPRESSTRADE LLC                       $2,876,129      $2,853,078      $2,980,090
MID CO COMMODITIES INC                $2,681,647      $3,799,146      $4,753,887
MB TRADING FUTURES INC                $2,658,618      $2,382,214      $2,450,989
CX CAPITAL MARKETS LLC                $2,343,653      $2,356,330      $2,372,850
YORK BUSINESS ASSOCIATES LLC          $2,335,188      $2,027,960      $1,172,650
Mitsui Bussan Commodities USA IN      $1,885,269      $2,097,988      $1,953,627
FRIEDBERG MERCANTILE GROUP INC        $1,853,943      $1,841,860      $1,811,370
CAPITAL MARKET SERVICES LLC           $1,807,804      $1,843,714      $1,799,393
MAREX USA LIMITED                     $1,758,868      $1,365,383      $1,790,572
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                                            Aug.            July            June
                                            2012            2012            2012
================================================================================
LINN GROUP THE                        $1,657,648      $1,657,890        $859,953
WHITE COMMERCIAL CORPORATION          $1,569,165      $1,556,402      $1,543,586
IRONBEAM INC                          $1,553,040      $1,593,704      $1,553,569
CUNNINGHAM COMMODITIES LLC            $1,425,560      $1,740,416      $1,353,116
Open E Cry LLC                        $1,350,169      $1,085,475        $567,930
MBF CLEARING CORP                     $1,099,107      $1,362,149        $311,027
FRONTIER FUTURES INC                    $925,139        $978,049        $949,384
AMP GLOBAL CLEARING LLC                 $855,469        $869,615      $1,027,606
COMMONWEALTH FOREIGN EXCHANGE IN        $784,040        $793,874        $892,429
Pioneer Futures INC                     $765,567        $753,861        $797,974
Tradition Securities and Futures        $515,063        $514,925        $514,777
VELOCITY FUTURES LLC                    $505,642        $608,237        $623,646
EASY FOREX US LTD                       $480,564        $517,217        $540,886
INSTITUTIONAL LIQUIDITY LLC             $382,984        $323,327      $1,453,449
FOREX CLUB LLC                          $214,537        $184,296        $275,271
ADVANCED MARKETS LLC                    $198,291        $263,069        $362,708
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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: 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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