Futures Accounts: The total amount of customer funds in futures accounts at US FCMs reached a record $455.2 billion in April, up 0.4% from the previous month and up 16.6% over the last 12 months. The number of FCMs holding customer funds in futures accounts was recorded at 52 in April, up from 50 a year ago and up from 51 five years ago.
Swaps Accounts: Customer funds held in cleared swaps accounts at US FCMs reached $191.7 billion in the month of April, the second highest amount ever recorded. April’s level was down 1.1% from March 2026 but up 12.2% from April 2025. The number of FCMs holding customer funds in cleared swaps accounts was recorded at 25 in April, up from 17 a year ago.
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 $99.6 billion across swaps, futures and Part 30 accounts. Looking at just the 15 largest FCMs, Marex Capital Markets was the FCM with the largest increase in customer funds compared to a year ago, with a growth of 45% to $11.8 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.
