CFTC-Registered Firms’ Change in Adjusted Net Capital
By Stephen Rose -
2013-01-15T21:31:02Z
Following is a table detailing Futures Commission Merchants’ monthly change in adjusted net capital for November. 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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Nov. Oct. Sept. Nov.
2012 2012 2012 YOY%
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RBC CAPITAL MARKETS LLC 42.0% -31.7% -4.0% 9.5%
BGC FINANCIAL LP 39.5% -20.6% -14.6% 8.4%
CREDIT SUISSE SECURITIES (USA) L 36.4% -1.6% 21.2% 12.6%
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Nov. Oct. Sept. Nov.
2012 2012 2012 YOY%
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SANTANDER INVESTMENT SECURITIES 35.6% -1.0% 17.7% 149.2%
NOMURA SECURITIES INTERNATIONAL 20.4% 13.3% -10.6% 9.5%
COMMONWEALTH FOREIGN EXCHANGE IN 19.6% -42.4% -0.2% -55.2%
GUGGENHEIM SECURITIES LLC 15.2% -6.7% -13.9% 27.9%
NEUBERGER BERMAN LLC 14.5% 27.9% 30.2% -42.6%
KNIGHT CAPITAL AMERICAS LLC 14.0% -13.1% n/a n/a
FOREX CAPITAL MARKETS LLC 13.6% -5.8% 2.1% 75.6%
CANTOR FITZGERALD & CO 9.8% -6.8% -0.5% -12.3%
ENSKILDA FUTURES LTD 8.5% -0.9% 8.1% 26.6%
CIBC WORLD MARKETS CORP 6.8% -0.4% 9.8% 19.0%
DAIWA CAPITAL MARKETS AMERICA IN 6.1% -8.5% -10.3% -5.7%
VISION FINANCIAL MARKETS LLC 5.2% 8.0% 24.7% 1.4%
CITADEL SECURITIES LLC 4.9% -7.4% 1.8% -1.3%
ADM INVESTOR SERVICES INC 4.4% 0.6% 1.5% 16.4%
OPTIONSXPRESS INC 4.0% 1.3% 5.3% 4.3%
MIZUHO SECURITIES USA INC 4.0% -12.9% 62.3% 26.6%
MORGAN STANLEY & CO LLC 3.7% 3.9% 12.2% 4.6%
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Nov. Oct. Sept. Nov.
2012 2012 2012 YOY%
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TRADITION SECURITIES AND FUTURES 3.3% -0.4% 0.0% 1.5%
JP MORGAN SECURITIES LLC 3.3% 7.4% 0.6% 11.0%
DEUTSCHE BANK SECURITIES INC 3.3% 9.2% -2.6% -1.6%
DORMAN TRADING LLC 2.6% -3.7% 2.5% -1.7%
BNP PARIBAS PRIME BROKERAGE INC 2.6% -1.8% 2.3% 0.1%
LINN GROUP THE 2.5% -4.9% -0.4% 60.3%
STEPHENS INC 2.3% -3.7% -4.1% -0.5%
ABN AMRO CLEARING CHICAGO LLC 2.3% 19.1% -11.0% 44.1%
RBS SECURITIES INC 2.0% 0.7% -2.7% 35.0%
ADVANTAGE FUTURES LLC 2.0% 14.1% -3.2% 32.4%
AMP GLOBAL CLEARING LLC 2.0% 6.1% -0.4% 42.9%
MERRILL LYNCH PIERCE FENNER & SM 2.0% -0.1% -2.0% 5.1%
RJ OBRIEN ASSOCIATES LLC 1.9% 0.5% 0.6% 28.3%
STRAITS FINANCIAL LLC 1.8% -1.0% -0.2% 31.2%
OANDA CORPORATION 1.1% 5.4% -4.3% 5.8%
RAND FINANCIAL SERVICES INC 0.9% 8.3% -6.5% 3.2%
MORGAN STANLEY SMITH BARNEY LLC 0.5% -0.3% 11.6% 75.4%
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Nov. Oct. Sept. Nov.
2012 2012 2012 YOY%
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BNP PARIBAS SECURITIES CORP 0.3% -3.3% -1.3% -16.0%
PIONEER FUTURES INC 0.3% -3.3% -0.6% -45.7%
ADVANCED MARKETS LLC 0.3% -0.4% -0.1% -1.8%
GOLDMAN SACHS & CO 0.3% 2.9% -3.9% 15.5%
FRIEDBERG MERCANTILE GROUP INC 0.2% 25.7% 0.5% 5.2%
STATE STREET GLOBAL MARKETS LLC 0.1% -1.8% 6.6% 14.8%
XPRESSTRADE LLC 0.0% -0.1% 0.1% -0.5%
JEFFERIES BACHE LLC -0.1% 12.7% -2.9% 1.7%
HSBC SECURITIES USA INC -0.1% 1.0% -0.6% 7.5%
BARCLAYS CAPITAL INC -0.1% 5.5% -2.5% 0.4%
YORK BUSINESS ASSOCIATES LLC -0.2% 0.6% 13.5% 0.0%
UBS SECURITIES LLC -0.2% 3.5% -6.4% 4.4%
NEWEDGE USA LLC -0.3% 1.0% 1.1% -17.2%
MAREX USA LIMITED -0.4% 13.2% 4.1% 17.7%
JP MORGAN CLEARING CORP -0.4% 1.9% -3.5% -2.3%
MACQUARIE FUTURES USA LLC -0.4% 0.2% -0.5% -32.3%
BNY MELLON CLEARING LLC -0.4% -0.6% 15.2% -3.8%
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Nov. Oct. Sept. Nov.
2012 2012 2012 YOY%
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EASY FOREX US LTD -0.4% -0.4% -2.6% -15.0%
NATIXIS SECURITIES AMERICAS LLC -0.4% 11.3% -3.2% 25.2%
UBS FINANCIAL SERVICES INC -0.5% -1.9% -1.1% -10.5%
MCVEAN TRADING & INVESTMENTS LLC -0.6% 2.4% -1.6% -2.0%
MORGAN KEEGAN & COMPANY INC -0.7% -3.1% 4.3% -44.0%
CX CAPITAL MARKETS LLC -0.8% -0.2% -0.5% -6.3%
GH FINANCIALS LLC -0.9% 0.1% -1.8% n/a
PHILLIP FUTURES INC -1.3% 1.3% -4.4% 188.9%
MITSUBISHI UFJ SECURITIES USA IN -1.4% 1.4% 13.5% -1.7%
CITIGROUP GLOBAL MARKETS INC -1.8% 1.7% 7.3% -2.8%
EAGLE MARKET MAKERS INC -2.0% -1.8% 2.1% -11.2%
LEK SECURITIES CORPORATION -2.1% 2.9% -14.0% 9.1%
VELOCITY FUTURES LLC -2.1% 1.1% -3.1% -14.2%
FCSTONE LLC -2.1% -5.0% 4.3% 20.7%
MITSUI BUSSAN COMMODITIES USA IN -2.4% 1.1% 8.5% 13.0%
FRONTIER FUTURES INC -2.8% -0.7% 2.4% 1.3%
INTERACTIVE BROKERS LLC -2.9% 7.5% 7.0% 31.3%
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Nov. Oct. Sept. Nov.
2012 2012 2012 YOY%
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IRONBEAM INC -2.9% -2.4% -1.6% -20.0%
CUNNINGHAM COMMODITIES LLC -3.0% -3.1% -7.0% -14.7%
ROSENTHAL COLLINS GROUP LLC -3.1% -8.4% 2.2% -4.9%
OPEN E CRY LLC -3.3% -3.8% 108.8% 28.3%
AMERIPRISE FINANCIAL SERVICES IN -3.4% 3.3% -27.9% -27.7%
CROSSLAND LLC -3.5% 0.2% -0.2% -30.9%
MB TRADING FUTURES INC -3.7% 0.8% 0.8% -10.5%
ITG DERIVATIVES LLC -3.8% 2.2% 16.9% 58.7%
TRADESTATION SECURITIES INC -4.0% 7.9% -4.0% -12.1%
MAREX NORTH AMERICA LLC -4.1% -5.4% -1.4% 42.8%
INSTITUTIONAL LIQUIDITY LLC -4.3% -2.0% 3.7% -0.9%
RAYMOND JAMES & ASSOCIATES INC -5.7% 29.9% -20.2% -24.6%
GOLDMAN SACHS EXECUTION & CLEARI -5.7% -1.4% 2.6% 13.1%
WELLS FARGO SECURITIES LLC -6.1% -0.8% 6.7% 21.6%
OPPENHEIMER & CO INC -6.6% -4.4% 11.3% -1.5%
WHITE COMMERCIAL CORPORATION -6.9% 10.8% 0.5% -4.9%
SANFORD C BERNSTEIN & CO LLC -7.4% 0.0% 2.8% -23.5%
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Nov. Oct. Sept. Nov.
2012 2012 2012 YOY%
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INSTINET LLC -9.2% -0.8% -4.7% -17.3%
TRADELINK LLC -9.7% -8.8% 22.2% -64.0%
MERRILL LYNCH PROFESSIONAL CLEAR -9.9% 20.2% 2.0% -38.0%
TIMBER HILL LLC -10.2% 19.6% 1.5% -5.9%
GAIN CAPITAL GROUP LLC -10.3% -9.5% -25.8% -44.6%
TD AMERITRADE INC -10.6% 5.1% 8.2% -20.1%
FX SOLUTIONS LLC -11.2% -6.0% 6.3% -42.5%
WELLS FARGO ADVISORS LLC -11.4% 10.7% -4.1% 86.8%
ALPARI (US) LLC -11.9% -2.8% 18.8% 8.1%
MBF CLEARING CORP -13.3% -4.5% -17.0% -79.7%
IKON GLOBAL MARKETS INC -13.6% -10.3% -8.1% -33.5%
WELLS FARGO ADVISORS FINANCIAL N -14.1% 4.9% 4.7% -0.9%
MID CO COMMODITIES INC -18.9% 1.1% 14.5% -24.5%
LPL FINANCIAL LLC -19.0% 2.6% -1.8% -26.7%
INTEGRATED BROKERAGE SERVICES LL -21.9% -0.9% -60.7% -95.0%
FXDIRECTDEALER LLC -35.4% -0.9% 4.8% -55.2%
CAPITAL MARKET SERVICES LLC -45.4% -2.9% -6.6% -43.1%
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Nov. Oct. Sept. Nov.
2012 2012 2012 YOY%
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GLOBAL FUTURES & FOREX LTD -86.1% -6.6% -3.3% -90.7%
FOREX CLUB LLC -100.0% -1.6% 2.4% -100.0%
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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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