Futures Accounts: The total amount of customer funds in futures accounts at US FCMs reached $350.9 billion in March, down 0.4% from the previous month but up 3.9% over the last 12 months. The number of FCMs holding customer funds in futures accounts was recorded at 49 in March, 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 $170.2 billion in the month of March, the second highest amount ever recorded. March’s level was up 5% from February 2025 and up 8.3% from March 2024. The number of FCMs holding customer funds in cleared swaps accounts was recorded at 16 in March, up from 12 a year ago with Deutsche Bank Securities, Marex Capital Markets, Interactive Brokers, and Robinhood Derivatives joining.
FCM Ranking: JP Morgan Securities was the FCM with the most customer funds in March, with a total of $82.6 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 25.6% to $12.5 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.
