Futures Accounts: The total amount of customer funds in futures accounts at US FCMs reached a record $442.7 billion in February, up 6.1% from the previous month and up 25.6% over the last 12 months. The number of FCMs holding customer funds in futures accounts was recorded at 52 in February, up from 49 a year ago and up from 50 five years ago.
Swaps Accounts: Customer funds held in cleared swaps accounts at US FCMs reached $187.8 billion in the month of February, the highest amount ever recorded. February’s level was up 0.8% from January 2026 and up 15.8% from February 2025. The number of FCMs holding customer funds in cleared swaps accounts was recorded at 23 in February, up from 15 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 February, with a total of $105.6 billion across swaps, futures and Part 30 accounts. Looking at just the 15 largest FCMs, RBC Capital Markets was the FCM with the largest increase in customer funds compared to a year ago, with a growth of 39% to $9.5 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.
