CFTC-Registered Firms’ Adjusted Net Capital for January

Following is a table detailing Futures Commission Merchants’ adjusted net capital as of the end of January. 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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                                            Jan.            Dec.            Nov.
                                            2013            2012            2012
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GOLDMAN SACHS & CO               $14,019,004,414 $14,591,157,935 $13,657,672,599
JP MORGAN SECURITIES LLC         $13,078,104,177 $13,490,844,081 $12,877,315,779
UBS SECURITIES LLC               $11,232,950,394 $11,173,957,202 $12,463,245,543
MERRILL LYNCH PIERCE FENNER & SM $10,777,971,119 $10,335,957,499 $10,839,931,383
DEUTSCHE BANK SECURITIES INC      $8,270,266,345  $9,293,709,654  $8,221,331,905
MORGAN STANLEY & CO LLC           $8,093,099,509  $7,820,289,124  $8,597,858,762
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                                            Jan.            Dec.            Nov.
                                            2013            2012            2012
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CREDIT SUISSE SECURITIES (USA) L  $7,983,805,691  $8,684,106,921  $8,131,002,017
JP MORGAN CLEARING CORP           $6,757,428,115  $6,629,500,338  $6,996,209,283
CITIGROUP GLOBAL MARKETS INC      $6,388,345,661  $6,249,699,821  $7,078,493,676
BARCLAYS CAPITAL INC              $5,255,149,784  $5,348,789,513  $5,955,668,939
RBS SECURITIES INC                $3,604,205,307  $3,788,207,410  $4,056,392,603
MORGAN STANLEY SMITH BARNEY LLC   $2,702,534,717  $2,167,164,997  $2,608,609,586
WELLS FARGO SECURITIES LLC        $2,484,446,024  $2,548,769,366  $2,383,384,825
NOMURA SECURITIES INTERNATIONAL   $2,242,024,406  $2,230,414,250  $2,562,481,330
BNP PARIBAS PRIME BROKERAGE INC   $2,216,473,785  $2,220,205,135  $2,229,083,903
MERRILL LYNCH PROFESSIONAL CLEAR  $2,097,457,780  $2,065,894,140  $1,854,021,090
GOLDMAN SACHS EXECUTION & CLEARI  $2,078,395,233  $2,024,794,323  $2,052,952,536
NEWEDGE USA LLC                   $1,938,114,544  $1,925,281,788  $1,919,698,287
BNP PARIBAS SECURITIES CORP       $1,752,516,596  $1,884,696,738  $1,821,300,040
INTERACTIVE BROKERS LLC           $1,635,249,621  $1,633,402,224  $1,653,816,271
WELLS FARGO ADVISORS LLC          $1,409,269,125  $1,117,335,810  $1,202,727,632
RBC CAPITAL MARKETS LLC           $1,351,721,261  $1,522,575,193  $1,378,961,228
UBS FINANCIAL SERVICES INC        $1,222,891,125  $1,184,612,501  $1,169,303,990
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                                            Jan.            Dec.            Nov.
                                            2013            2012            2012
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HSBC SECURITIES USA INC           $1,126,064,831  $1,109,433,118  $1,139,447,649
STATE STREET GLOBAL MARKETS LLC     $496,447,008    $487,366,542    $480,854,134
TIMBER HILL LLC                     $477,834,072    $394,067,015    $682,606,418
MIZUHO SECURITIES USA INC           $465,114,712    $508,618,691    $471,448,962
CITADEL SECURITIES LLC              $392,884,561    $431,472,319    $418,854,026
ABN AMRO CLEARING CHICAGO LLC       $373,477,821    $350,578,604    $325,764,974
NATIXIS SECURITIES AMERICAS LLC     $360,208,411    $358,217,051    $364,202,479
RAYMOND JAMES & ASSOCIATES INC      $325,696,117    $291,408,332    $323,849,391
DAIWA CAPITAL MARKETS AMERICA IN    $325,234,644    $295,540,444    $290,532,971
BNY MELLON CLEARING LLC             $292,481,256    $291,655,566    $293,322,027
ADM INVESTOR SERVICES INC           $271,333,477    $272,947,871    $303,497,365
TD AMERITRADE INC                   $260,723,691    $249,195,109    $245,550,600
KNIGHT CAPITAL AMERICAS LLC         $251,449,591    $312,004,892    $286,578,740
JEFFERIES BACHE LLC                 $242,103,000    $247,598,000    $252,281,000
SANTANDER INVESTMENT SECURITIES     $224,527,318    $102,071,082    $296,300,558
RJ OBRIEN ASSOCIATES LLC            $213,349,385    $211,176,609    $212,351,699
MORGAN KEEGAN & COMPANY INC         $206,727,276    $270,833,042    $260,219,655
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                                            Jan.            Dec.            Nov.
                                            2013            2012            2012
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MITSUBISHI UFJ SECURITIES USA IN    $199,440,611    $231,282,088    $223,490,851
CANTOR FITZGERALD & CO              $189,231,083    $251,262,221    $253,886,699
OPPENHEIMER & CO INC                $154,627,330    $167,360,708    $145,876,082
OANDA CORPORATION                   $148,779,968    $150,570,879    $152,685,581
SANFORD C BERNSTEIN & CO LLC        $140,848,943    $144,422,126    $148,963,318
STEPHENS INC                        $110,282,693    $100,048,977     $87,283,448
FCSTONE LLC                         $107,012,754     $98,704,304    $114,951,251
AMERIPRISE FINANCIAL SERVICES IN    $103,364,856     $88,337,373     $92,927,315
MACQUARIE FUTURES USA LLC           $101,047,554    $101,163,604     $92,745,988
INSTINET LLC                         $97,428,251    $104,818,884     $99,138,955
OPTIONSXPRESS INC                    $90,261,351     $86,744,298     $82,057,830
LPL FINANCIAL LLC                    $86,014,652     $61,535,031    $107,029,992
ROSENTHAL COLLINS GROUP LLC          $85,318,346     $82,601,814     $86,690,911
RAND FINANCIAL SERVICES INC          $77,226,443     $76,848,531     $77,150,727
GUGGENHEIM SECURITIES LLC            $58,026,005     $55,858,450     $71,166,574
NEUBERGER BERMAN LLC                 $54,981,573     $58,672,505     $46,558,185
BGC FINANCIAL LP                     $52,689,434     $45,790,095     $54,654,298
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                                            Jan.            Dec.            Nov.
                                            2013            2012            2012
================================================================================
TRADESTATION SECURITIES INC          $49,056,684     $48,275,064     $50,114,495
GAIN CAPITAL GROUP LLC               $45,614,527     $46,313,116     $34,745,690
FOREX CAPITAL MARKETS LLC            $43,850,885     $54,442,335     $57,462,879
WELLS FARGO ADVISORS FINANCIAL N     $41,140,496     $34,734,872     $33,428,981
ENSKILDA FUTURES LTD                 $34,544,813     $39,098,072     $39,242,611
INSTITUTIONAL LIQUIDITY LLC          $33,160,653     $21,406,837     $20,286,725
VISION FINANCIAL MARKETS LLC         $28,307,365     $33,127,635     $30,418,410
PHILLIP FUTURES INC                  $27,369,972     $27,785,792     $27,478,112
FX SOLUTIONS LLC                     $26,686,373     $27,586,704     $24,896,737
ALPARI (US) LLC                      $26,172,071     $24,654,774     $25,576,917
MB TRADING FUTURES INC               $23,538,000     $24,094,761     $23,023,172
ADVANTAGE FUTURES LLC                $23,477,866     $24,796,372     $23,023,146
FXDIRECTDEALER LLC                   $23,276,901     $23,336,393     $17,382,012
XPRESSTRADE LLC                      $22,867,706     $22,867,582     $22,862,905
ADVANCED MARKETS LLC                 $20,094,615     $20,065,873     $20,206,127
TRADELINK LLC                        $15,014,520     $17,039,617     $13,836,013
MCVEAN TRADING & INVESTMENTS LLC     $13,400,815     $13,651,697     $13,949,866
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                                            Jan.            Dec.            Nov.
                                            2013            2012            2012
================================================================================
LEK SECURITIES CORPORATION           $10,129,257     $10,096,439     $10,556,929
DORMAN TRADING LLC                    $9,842,023      $9,278,443      $9,531,873
MAREX NORTH AMERICA LLC               $9,670,108      $9,683,425     $10,780,117
MID CO COMMODITIES INC                $9,616,962      $9,240,787      $9,495,544
STRAITS FINANCIAL LLC                 $9,450,634      $9,345,506      $9,600,140
GH FINANCIALS LLC                     $8,475,497      $8,331,965      $8,460,011
CROSSLAND LLC                         $7,512,969      $7,479,358      $7,505,031
EAGLE MARKET MAKERS INC               $6,053,570      $6,126,386      $5,856,545
ITG DERIVATIVES LLC                   $4,809,653      $4,812,179      $4,609,566
FRIEDBERG MERCANTILE GROUP INC        $3,584,039      $3,599,301      $3,597,240
LINN GROUP THE                        $3,544,886      $3,586,901      $3,580,239
YORK BUSINESS ASSOCIATES LLC          $3,537,944      $3,585,633      $3,451,640
MITSUI BUSSAN COMMODITIES USA IN      $3,334,885      $3,116,950      $3,315,359
MAREX USA LIMITED                     $3,060,253      $2,978,244      $2,777,765
CX CAPITAL MARKETS LLC                $2,951,337      $2,979,102      $3,308,155
CUNNINGHAM COMMODITIES LLC            $2,847,397      $2,767,943      $2,760,248
IRONBEAM INC                          $2,601,518      $2,305,020      $2,419,127
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                                            Jan.            Dec.            Nov.
                                            2013            2012            2012
================================================================================
CAPITAL MARKET SERVICES LLC           $2,598,895      $2,148,909      $1,408,343
AMP GLOBAL CLEARING LLC               $2,507,215      $2,510,557      $2,554,075
GLOBAL FUTURES & FOREX LTD            $2,464,296      $6,034,974      $8,026,986
WHITE COMMERCIAL CORPORATION          $2,355,833      $2,483,562      $2,649,543
FRONTIER FUTURES INC                  $1,976,961      $1,962,977      $1,956,229
PIONEER FUTURES INC                   $1,727,092      $1,718,071      $1,690,705
TRADITION SECURITIES AND FUTURES      $1,526,481              $0      $1,559,754
VELOCITY FUTURES LLC                  $1,497,079      $1,543,335      $1,542,362
EASY FOREX US LTD                     $1,452,653      $1,458,083      $1,465,682
COMMONWEALTH FOREIGN EXCHANGE IN      $1,334,935      $1,249,384      $1,234,285
INTEGRATED BROKERAGE SERVICES LL        $112,006        -$98,197         $79,873
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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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