Futures Accounts: The total amount of customer funds in futures accounts at US FCMs reached a record setting $390.4 billion in April, up 11.3% from the previous month and up 19.1% over the last 12 months. The number of FCMs holding customer funds in futures accounts was recorded at 50 in April, up from 48 year ago but down from 53 five years ago.
Swaps Accounts: Customer funds held in cleared swaps accounts at US FCMs reached $170.9 billion in the month of April, the highest amount ever recorded. April’s level was up 0.4% from March 2025 and up 10.5% from April 2024. The number of FCMs holding customer funds in cleared swaps accounts was recorded at 17 in April, up from 12 a year ago with Deutsche Bank Securities, Marex Capital Markets, Interactive Brokers, Robinhood Derivatives, and Webull Financial joining.
Note: For some of these firms, the customer funds are held for trading in event contracts, a type of derivative that the CFTC puts into the swaps category for certain regulatory purposes.
FCM Ranking: JP Morgan Securities was the FCM with the most customer funds in April, with a total of $91.8 billion across swaps, futures and Part 30 accounts. Looking at just the 15 largest FCMs, BNP Paribas was the FCM with the largest increase in customer funds compared to a year ago, with a growth of 42.3% to $14.1 billion.
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.
