Futures Accounts: The total amount of customer funds in futures accounts at US FCMs reached $351.7 billion in November, up 12% over the last 12 months. The number of FCMs holding customer funds in futures accounts was recorded at 47 in November, the same as a year ago but down from 54 five years ago.
Swaps Accounts: Customer funds held in cleared swaps accounts at US FCMs reached $153 billion in the month of November. November’s level was up 0.7% from the previous month and up 8.9% from November 2021. The number of FCMs holding customer funds in cleared swaps accounts was recorded at 13 in November, down from 15 a year ago, with the withdrawal of Mizuho Securities and Macquarie Futures USA.
FCM Ranking: JP Morgan Securities was the FCM with the most customer funds in November, with a total of $73.7 billion across swaps, futures and Part 30 accounts. Looking at just the 15 largest FCMs, HSBC Securities USA was the FCM with the largest percentage increase in customer funds compared to a year ago, with a growth of 60.3% to $8.1 billion. Outside the top 15, Credit Suisse Securities has continued to exhibit a significant decline with a 98.2% year-over-year drop to $261.9 million in customer funds.
Access the FIA FCM TrackerTM to view interactive visualizations covering monthly data reported to the US Commodity Futures Trading Commission on customer funds held at US futures commission merchants.
- FIA Data