Futures Accounts: The total amount of customer funds in futures accounts at US FCMs reached $348.8 billion in January, up 7% over the last 12 months. The number of FCMs holding customer funds in futures accounts was recorded at 47 in January, the same as a year ago but down from 55 five years ago.
Swaps Accounts: Customer funds held in cleared swaps accounts at US FCMs reached $153.3 billion in the month of January, the third highest level ever recorded. January’s level was up 0.3% from the previous month and up 7.5% from January 2022. The number of FCMs holding customer funds in cleared swaps accounts was recorded at 13 in January, down from 14 a year ago, with the withdrawal of Macquarie Futures USA.
FCM Ranking: JP Morgan Securities was the FCM with the most customer funds in December, with a total of $72 billion across swaps, futures and Part 30 accounts. Looking at just the 15 largest FCMs, BNP Paribas Securities was the FCM with the largest percentage increase in customer funds compared to a year ago, with a growth of 42.6% to $10.8 billion. Outside the top 15, Credit Suisse Securities has continued to exhibit a significant decline with a 97.9% year-over-year drop to $250 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.
