CFTC-Registered Firms' Adjusted Net Capital for September

Following is a table detailing Futures Commission Merchants’ adjusted net capital as of the end of September. 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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                                           Sept.            Aug.            July
                                            2012            2012            2012
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GOLDMAN SACHS & CO               $13,236,436,188 $14,289,569,423 $13,778,006,457
UBS SECURITIES LLC               $12,068,419,428 $12,825,296,146 $12,886,820,403
JP MORGAN SECURITIES LLC         $11,602,384,023 $12,480,762,017 $11,538,515,101
MERRILL LYNCH PIERCE FENNER & SM $10,641,126,236 $11,008,349,620 $10,861,670,251
MORGAN STANLEY & CO LLC           $7,980,563,414  $7,045,693,387  $7,112,653,198
DEUTSCHE BANK SECURITIES INC      $7,289,587,332  $8,506,140,131  $7,487,736,110
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                                           Sept.            Aug.            July
                                            2012            2012            2012
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CITIGROUP GLOBAL MARKETS INC      $7,092,401,676  $6,892,531,891  $6,608,569,345
JP MORGAN CLEARING CORP           $6,896,149,892  $7,125,726,316  $7,146,601,812
CREDIT SUISSE SECURITIES (USA) L  $6,060,478,591  $6,696,626,428  $4,998,422,775
BARCLAYS CAPITAL INC              $5,651,430,374  $6,033,985,324  $5,794,539,206
RBS SECURITIES INC                $3,948,600,695  $4,330,720,274  $4,059,387,843
MORGAN STANLEY SMITH BARNEY LLC   $2,602,866,932  $2,395,476,726  $2,333,299,759
WELLS FARGO SECURITIES LLC        $2,557,421,759  $2,550,662,718  $2,396,750,473
BNP PARIBAS PRIME BROKERAGE INC   $2,213,095,393  $2,198,458,633  $2,163,259,385
GOLDMAN SACHS EXECUTION & CLEARI  $2,208,386,714  $2,154,842,146  $2,153,269,130
NEWEDGE USA LLC                   $1,906,863,681  $1,920,783,169  $1,886,212,459
NOMURA SECURITIES INTERNATIONAL   $1,877,910,211  $1,945,294,031  $2,099,518,833
BNP PARIBAS SECURITIES CORP       $1,877,042,723  $1,981,059,082  $1,901,950,906
MERRILL LYNCH PROFESSIONAL CLEAR  $1,712,428,407  $2,011,401,591  $1,678,386,196
INTERACTIVE BROKERS LLC           $1,584,698,968  $1,576,904,569  $1,480,962,895
RBC CAPITAL MARKETS LLC           $1,422,315,908  $1,411,766,308  $1,481,123,323
WELLS FARGO ADVISORS LLC          $1,226,086,174  $1,172,204,841  $1,278,867,070
UBS FINANCIAL SERVICES INC        $1,197,789,753  $1,210,918,705  $1,211,488,129
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                                           Sept.            Aug.            July
                                            2012            2012            2012
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HSBC SECURITIES USA INC           $1,128,817,528  $1,158,847,283  $1,135,249,968
JEFFERIES & COMPANY INC             $689,472,062    $802,206,883    $797,767,827
TIMBER HILL LLC                     $635,857,146    $709,997,568    $626,587,102
MIZUHO SECURITIES USA INC           $520,340,233    $437,490,046    $320,580,014
CIBC WORLD MARKETS CORP             $504,712,940    $509,605,365    $459,763,103
STATE STREET GLOBAL MARKETS LLC     $489,284,932    $464,075,710    $459,003,934
CITADEL SECURITIES LLC              $431,407,696    $408,563,303    $423,750,422
NATIXIS SECURITIES AMERICAS LLC     $328,736,306    $356,116,147    $339,608,511
DAIWA CAPITAL MARKETS AMERICA IN    $299,104,117    $289,532,088    $333,544,207
BNY MELLON CLEARING LLC             $296,351,456    $267,875,360    $257,311,180
KNIGHT CAPITAL AMERICAS LLC         $289,318,429    $275,324,911             n/a
ADM INVESTOR SERVICES INC           $289,057,209    $282,918,608    $284,736,953
MORGAN KEEGAN & COMPANY INC         $270,413,616    $277,328,013    $259,346,538
ABN AMRO CLEARING CHICAGO LLC       $267,561,890    $301,918,734    $300,773,057
RAYMOND JAMES & ASSOCIATES INC      $264,314,878    $320,649,399    $331,399,500
TD AMERITRADE INC                   $261,414,889    $250,016,836    $241,661,112
CANTOR FITZGERALD & CO              $247,956,288    $258,709,389    $249,313,045
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                                           Sept.            Aug.            July
                                            2012            2012            2012
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JEFFERIES BACHE LLC                 $224,096,000    $229,431,000    $230,817,000
MITSUBISHI UFJ SECURITIES USA IN    $223,368,588    $216,003,510    $196,773,940
SANTANDER INVESTMENT SECURITIES     $220,765,124    $180,063,602    $187,574,447
RJ OBRIEN ASSOCIATES LLC            $207,488,574    $207,812,362    $206,277,405
OPPENHEIMER & CO INC                $163,392,003    $146,490,556    $146,742,905
SANFORD C BERNSTEIN & CO LLC        $160,767,155    $150,047,733    $156,388,158
OANDA CORPORATION                   $143,300,816    $145,769,574    $149,719,746
LPL FINANCIAL LLC                   $128,754,450    $120,138,678    $131,076,372
FCSTONE LLC                         $123,562,432    $122,606,771    $118,430,600
INSTINET LLC                        $110,046,890    $108,215,067    $115,534,097
ROSENTHAL COLLINS GROUP LLC          $97,656,953     $98,781,884     $95,530,834
AMERIPRISE FINANCIAL SERVICES IN     $93,076,127    $111,144,337    $129,127,050
MACQUARIE FUTURES USA LLC            $92,962,578     $93,512,262     $93,419,151
STEPHENS INC                         $88,554,137     $88,437,316     $92,310,174
OPTIONSXPRESS INC                    $77,835,755     $76,128,950     $73,907,818
RAND FINANCIAL SERVICES INC          $70,631,864     $75,474,388     $75,577,769
GUGGENHEIM SECURITIES LLC            $66,195,866     $66,897,990     $76,889,622
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                                           Sept.            Aug.            July
                                            2012            2012            2012
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GLOBAL FUTURES & FOREX LTD           $61,738,422     $59,125,892     $63,812,667
FOREX CAPITAL MARKETS LLC            $53,676,388     $53,514,906     $52,570,047
ICAP CORPORATES LLC                  $50,042,685     $45,355,672     $47,327,929
BGC FINANCIAL LP                     $49,362,967     $42,591,331     $57,817,294
TRADESTATION SECURITIES INC          $48,410,904     $51,178,351     $50,406,410
GAIN CAPITAL GROUP LLC               $42,800,937     $47,820,014     $57,647,752
WELLS FARGO ADVISORS FINANCIAL N     $37,094,777     $34,435,947     $35,423,309
ENSKILDA FUTURES LTD                 $36,515,131     $35,765,851     $33,778,822
NEUBERGER BERMAN LLC                 $31,771,659     $27,431,666     $24,407,902
ALPARI (US) LLC                      $29,881,262     $30,142,390     $25,149,030
FX SOLUTIONS LLC                     $29,823,871     $28,027,637     $28,052,663
PHILLIP FUTURES INC                  $27,490,269     $27,562,595     $28,768,024
FXDIRECTDEALER LLC                   $27,165,486     $24,415,572     $25,918,055
VISION FINANCIAL MARKETS LLC         $26,773,607     $23,708,494     $21,475,357
COUNTRY HEDGING INC                  $25,938,518     $25,480,171     $23,933,787
MB TRADING FUTURES INC               $23,709,451     $23,803,804     $23,516,309
XPRESSTRADE LLC                      $22,872,066     $22,876,129     $22,853,078
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                                           Sept.            Aug.            July
                                            2012            2012            2012
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FOREX CLUB LLC                       $22,721,674     $22,214,537     $22,184,296
INSTITUTIONAL LIQUIDITY LLC          $21,628,778     $20,865,942     $20,855,898
ADVANCED MARKETS LLC                 $20,244,891     $20,198,291     $20,263,069
ADVANTAGE FUTURES LLC                $19,772,220     $20,552,750     $20,415,502
TRADELINK LLC                        $16,791,337     $15,496,198     $13,738,520
IKON GLOBAL MARKETS INC              $15,286,333     $15,997,501     $16,637,775
MCVEAN TRADING & INVESTMENTS LLC     $13,704,788     $13,342,579     $13,923,184
MAREX NORTH AMERICA LLC              $11,878,210     $12,355,123     $12,042,858
MID CO COMMODITIES INC               $11,573,553      $9,552,067     $10,109,403
LEK SECURITIES CORPORATION           $10,475,944     $11,860,070     $12,184,685
DORMAN TRADING LLC                    $9,649,079      $9,664,337      $9,418,086
STRAITS FINANCIAL LLC                 $9,524,860      $9,756,468      $9,548,280
GH FINANCIALS LLC                     $8,527,010      $8,728,364      $8,685,833
CROSSLAND LLC                         $7,755,332      $7,688,436      $7,769,262
EAGLE MARKET MAKERS INC               $6,086,609      $6,205,616      $5,960,890
OPEN E CRY LLC                        $4,744,016      $2,520,598      $2,272,234
ITG DERIVATIVES LLC                   $4,689,894      $4,210,390      $4,011,472
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                                           Sept.            Aug.            July
                                            2012            2012            2012
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LINN GROUP THE                        $3,673,069      $3,695,406      $3,687,483
YORK BUSINESS ASSOCIATES LLC          $3,437,316      $3,335,188      $3,027,960
MITSUI BUSSAN COMMODITIES USA IN      $3,360,591      $2,885,269      $3,097,988
CX CAPITAL MARKETS LLC                $3,340,955      $3,343,653      $3,356,330
CUNNINGHAM COMMODITIES LLC            $2,937,090      $3,109,634      $3,159,710
FRIEDBERG MERCANTILE GROUP INC        $2,856,425      $2,853,943      $2,841,860
CAPITAL MARKET SERVICES LLC           $2,656,313      $2,807,804      $2,843,714
WHITE COMMERCIAL CORPORATION          $2,570,453      $2,569,165      $2,556,402
IRONBEAM INC                          $2,552,820      $2,586,958      $2,593,704
MAREX USA LIMITED                     $2,462,566      $2,758,868      $2,365,383
AMP GLOBAL CLEARING LLC               $2,360,029      $2,355,469      $2,369,615
FRONTIER FUTURES INC                  $2,025,818      $1,994,283      $1,978,049
MBF CLEARING CORP                     $1,960,067      $2,099,107      $2,362,149
COMMONWEALTH FOREIGN EXCHANGE IN      $1,790,520      $1,784,040      $1,793,874
PIONEER FUTURES INC                   $1,742,977      $1,765,567      $1,753,861
VELOCITY FUTURES LLC                  $1,557,680      $1,505,642      $1,608,237
TRADITION SECURITIES AND FUTURES      $1,515,199      $1,515,063      $1,514,925
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                                           Sept.            Aug.            July
                                            2012            2012            2012
================================================================================
EASY FOREX US LTD                     $1,477,521      $1,480,564      $1,517,217
INTEGRATED BROKERAGE SERVICES LL        $103,162        $100,279        $262,637
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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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