CFTC-Registered Firms’ Change in Adjusted Net Capital
By Stephen Rose -
2012-11-02T16:39:59Z
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.
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Aug. July June Aug.
2012 2012 2012 YOY%
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MIZUHO SECURITIES USA INC 36.5% 0.8% -12.6% 65.9%
CREDIT SUISSE SECURITIES (USA) L 34.0% -7.9% -33.9% -22.1%
ALPARI (US) LLC 19.9% -9.6% 32.1% 18.7%
MERRILL LYNCH PROFESSIONAL CLEAR 19.8% -1.3% -7.8% -3.7%
MAREX USA LIMITED 16.6% -15.2% -11.6% 60.7%
DEUTSCHE BANK SECURITIES INC 13.6% -8.8% 0.2% 21.7%
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Aug. July June Aug.
2012 2012 2012 YOY%
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TIMBER HILL LLC 13.3% -12.2% -14.6% -30.0%
TRADELINK LLC 12.8% -9.4% 21.5% -41.7%
NEUBERGER BERMAN LLC 12.4% 92.1% -68.0% -69.8%
OPEN E CRY LLC 10.9% 44.9% -37.6% -28.5%
CIBC WORLD MARKETS CORP 10.8% -1.9% -6.4% 6.5%
VISION FINANCIAL MARKETS LLC 10.4% -10.7% 20.2% -14.8%
YORK BUSINESS ASSOCIATES LLC 10.1% 39.4% 12.3% 20.1%
MITSUBISHI UFJ SECURITIES USA IN 9.8% -17.3% 2.2% 126.4%
JP MORGAN SECURITIES LLC 8.2% -2.1% 3.3% 6.3%
MORGAN KEEGAN & COMPANY INC 6.9% 16.2% -14.7% -41.6%
RBS SECURITIES INC 6.7% 1.7% 12.8% 72.1%
INTERACTIVE BROKERS LLC 6.5% 6.0% -8.9% 20.3%
COUNTRY HEDGING INC 6.5% 17.5% -0.7% 2.6%
WELLS FARGO SECURITIES LLC 6.4% 7.0% 2.1% 61.3%
ENSKILDA FUTURES LTD 5.9% -14.2% -3.2% 20.4%
ITG DERIVATIVES LLC 5.0% -2.5% 6.0% 84.9%
NATIXIS SECURITIES AMERICAS LLC 4.9% -1.5% -5.3% 69.2%
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Aug. July June Aug.
2012 2012 2012 YOY%
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CITIGROUP GLOBAL MARKETS INC 4.3% -6.6% -3.0% -7.0%
BNP PARIBAS SECURITIES CORP 4.2% 0.5% -4.5% 13.4%
BARCLAYS CAPITAL INC 4.1% -6.9% 9.5% 11.3%
BNY MELLON CLEARING LLC 4.1% -0.5% -1.7% -12.9%
EAGLE MARKET MAKERS INC 4.1% 0.2% -4.1% -10.0%
CANTOR FITZGERALD & CO 3.8% -2.6% 22.0% 2.0%
GOLDMAN SACHS & CO 3.7% -0.1% 2.8% 24.0%
FCSTONE LLC 3.5% 7.7% 6.5% 11.1%
TD AMERITRADE INC 3.5% 10.8% -35.3% -24.4%
ROSENTHAL COLLINS GROUP LLC 3.4% 6.0% 11.8% 47.5%
OPTIONSXPRESS INC 3.0% 4.5% 1.1% -2.2%
MORGAN STANLEY SMITH BARNEY LLC 2.7% 22.2% 34.9% 89.5%
DORMAN TRADING LLC 2.6% 0.4% -1.4% -3.6%
MAREX NORTH AMERICA LLC 2.6% -7.7% -8.9% 34.4%
STRAITS FINANCIAL LLC 2.2% -1.4% 37.0% 19.0%
HSBC SECURITIES USA INC 2.1% -0.2% -2.4% 10.3%
NEWEDGE USA LLC 1.8% 0.3% -15.3% -12.3%
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Aug. July June Aug.
2012 2012 2012 YOY%
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FOREX CAPITAL MARKETS LLC 1.8% -9.5% 55.8% -10.9%
BNP PARIBAS PRIME BROKERAGE INC 1.6% -4.3% 1.9% n/a
TRADESTATION SECURITIES INC 1.5% -0.4% 3.6% -8.0%
MERRILL LYNCH PIERCE FENNER & SM 1.4% 0.6% 0.7% 15.6%
MB TRADING FUTURES INC 1.2% -0.1% -0.8% -11.9%
STATE STREET GLOBAL MARKETS LLC 1.1% 1.2% 1.5% 12.0%
FRONTIER FUTURES INC 0.8% 1.5% 1.6% 4.7%
RJ OBRIEN ASSOCIATES LLC 0.7% 7.7% 3.7% 26.7%
ADVANTAGE FUTURES LLC 0.7% -0.8% -5.8% 3.5%
PIONEER FUTURES INC 0.7% -2.5% 5.6% -40.2%
JEFFERIES & COMPANY INC 0.6% -6.1% 10.3% 34.1%
WHITE COMMERCIAL CORPORATION 0.5% 0.5% 6.2% 8.6%
GH FINANCIALS LLC 0.5% 0.3% -1.6% n/a
FRIEDBERG MERCANTILE GROUP INC 0.4% 1.1% 0.9% -15.9%
ABN AMRO CLEARING CHICAGO LLC 0.4% 18.1% -12.0% 25.8%
LINN GROUP THE 0.2% 36.2% -5.7% 45.9%
FOREX CLUB LLC 0.1% -0.4% 1.0% -2.5%
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Aug. July June Aug.
2012 2012 2012 YOY%
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XPRESSTRADE LLC 0.1% -0.6% 0.0% 0.1%
MACQUARIE FUTURES USA LLC 0.1% -28.9% -7.1% -28.1%
GOLDMAN SACHS EXECUTION & CLEARI 0.1% 0.6% -1.0% 21.8%
INSTITUTIONAL LIQUIDITY LLC 0.0% -4.0% 1.6% -0.7%
TRADITION SECURITIES AND FUTURES 0.0% 0.0% 0.0% -1.7%
UBS FINANCIAL SERVICES INC 0.0% 3.0% 4.2% -10.6%
FX SOLUTIONS LLC -0.1% 2.9% 2.9% -26.9%
RAND FINANCIAL SERVICES INC -0.1% -0.5% 1.7% 0.0%
OPPENHEIMER & CO INC -0.2% 3.1% -2.3% -12.1%
IRONBEAM INC -0.3% 1.6% -15.2% -21.3%
JP MORGAN CLEARING CORP -0.3% -1.9% -1.7% 1.1%
ADVANCED MARKETS LLC -0.3% -0.5% -0.1% -0.7%
CX CAPITAL MARKETS LLC -0.4% -0.5% -0.1% -5.9%
UBS SECURITIES LLC -0.5% 1.4% 1.0% 12.2%
COMMONWEALTH FOREIGN EXCHANGE IN -0.5% -5.2% 3.1% 62.6%
AMP GLOBAL CLEARING LLC -0.6% -6.3% 8.7% 59.2%
JEFFERIES BACHE LLC -0.6% -0.6% -0.3% -7.7%
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Aug. July June Aug.
2012 2012 2012 YOY%
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ADM INVESTOR SERVICES INC -0.6% 3.5% 1.9% 7.1%
MORGAN STANLEY & CO LLC -0.9% 2.4% -13.5% 21.5%
CROSSLAND LLC -1.0% 3.0% 1.0% -39.4%
CAPITAL MARKET SERVICES LLC -1.3% 1.6% 18.8% 12.9%
CUNNINGHAM COMMODITIES LLC -1.6% 6.7% 9.6% -4.1%
EASY FOREX US LTD -2.4% -1.5% -3.7% -17.5%
OANDA CORPORATION -2.6% 3.4% 9.7% -7.1%
LEK SECURITIES CORPORATION -2.7% 3.0% 29.2% 16.8%
WELLS FARGO ADVISORS FINANCIAL N -2.8% 0.3% -22.5% -37.5%
RAYMOND JAMES & ASSOCIATES INC -3.2% 10.6% -6.3% -26.3%
CITADEL SECURITIES LLC -3.6% 21.8% -7.6% -2.1%
IKON GLOBAL MARKETS INC -3.8% 61.3% 4.1% -3.3%
SANTANDER INVESTMENT SECURITIES -4.0% 10.7% 69.0% -18.8%
SANFORD C BERNSTEIN & CO LLC -4.1% 1.0% 14.5% -14.1%
ICAP CORPORATES LLC -4.2% 6.8% -11.7% -11.6%
MCVEAN TRADING & INVESTMENTS LLC -4.2% -2.0% 2.7% -7.3%
PHILLIP FUTURES INC -4.2% 2.1% 206.0% 176.4%
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Aug. July June Aug.
2012 2012 2012 YOY%
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STEPHENS INC -4.2% 9.9% -6.0% 8.0%
RBC CAPITAL MARKETS LLC -4.7% 0.7% 7.2% 51.7%
MID CO COMMODITIES INC -5.5% 0.9% 0.3% -27.9%
FXDIRECTDEALER LLC -5.8% -2.7% 12.6% -22.5%
INSTINET LLC -6.3% 5.8% -7.8% -8.8%
VELOCITY FUTURES LLC -6.4% -0.9% -3.2% -8.0%
MITSUI BUSSAN COMMODITIES USA IN -6.9% 4.9% -0.2% -2.4%
GLOBAL FUTURES & FOREX LTD -7.3% -9.8% 1.9% -24.6%
NOMURA SECURITIES INTERNATIONAL -7.3% 0.0% -0.4% -2.2%
WELLS FARGO ADVISORS LLC -8.3% 7.3% 20.6% 37.3%
LPL FINANCIAL LLC -8.3% 5.0% -1.5% -1.0%
MBF CLEARING CORP -11.1% 80.2% -26.1% -75.1%
GUGGENHEIM SECURITIES LLC -13.0% 8.1% 8.3% -20.7%
DAIWA CAPITAL MARKETS AMERICA IN -13.2% 4.9% 0.5% 2.2%
AMERIPRISE FINANCIAL SERVICES IN -13.9% -4.0% 42.6% -28.2%
GAIN CAPITAL GROUP LLC -17.0% 1.6% 14.3% -31.6%
BGC FINANCIAL LP -26.3% -8.5% 4.0% -29.2%
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Aug. July June Aug.
2012 2012 2012 YOY%
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INTEGRATED BROKERAGE SERVICES LL -61.8% -80.0% 0.1% -93.8%
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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
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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