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CFTC-Registered Firms’ Excess to Net Capital Ratios

Following is a table detailing Futures Commission Merchants’ excess net capital as a percentage of net adjusted 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. Excess net capital is the amount by which adjusted net capital exceeds the net capital requirement. The higher the ratio, the more capital the firm has available beyond what is required.