18,150.

47
18,504.16
14,504.43
10,838.53
10,735.79
9,501.65
10,605.82
7,498.93
4,606.33
3,690.73
4,341.08
2,599.41
1,960.26
2,026.95
1,298.01
1,066.30
1,232.09
799.07
1,300.84
624.09
658.59
603.92
709.49
559.72
399.14
331.88
NA
675.07
281.00
288.30
264.80
155.07
137.61
115.55
100.87
120.97
NA
91.34
80.34
NA
20.13
42.54
28.58
59.91
32.49
32.82
26.51
32.36
NA
30.48

12,491.46
2,449.69
14,791.10
6,838.50
8,994.87
7,584.78
11,834.37
631.49
9,454.00
10,025.62
6,490.88
213.17
193.12
120.25
1,785.01
211.92
71.63
78.33
368.56
1,979.03
74.23
1,103.65
456.39
11.34
25.50
34.77
71.92
999.35
22.17
19.39
29.61
53.55
23.02
70.10
20.51
122.46
1,163.85
6.44
11.10
2.04
9.43
1.82
7.89
8.18
3.34
1.90
1.76
2.09
2.45
175.61

6,763.36
6,235.29
1,991.10
1,261.14
1,326.18
1,892.62
4,470.11
551.78
3,375.00
1,657.56
1,865.77
261.24
48.77
55.14
51.17
185.62
28.55
12.27
377.34
190.99
15.56
72.21
333.77
0.00
25.19
26.76
1.43
83.30
7.25
44.49
0.00
0.00
19.25
38.88
0.01
1.65
3.45
0.50
6.45
1.59
0.00
6.99
0.29
20.62
0.02
0.04
0.00
0.12
0.00
0.00

Y
Y
N
Y
Y
Y
Y
Y
Y
Y
Y
N
N
N
Y
Y
N
N
N
Y
N
Y
Y
N
N
N
Y
Y
Y
N
N
N
N
N
N
Y
Y
N
N
N
N
N
N
N
N
N
N
N
N
Y

Footnotes

[1] Customer equity represents the total amount of funds that an FCM
is required to segregate on behalf of customers who are trading on a
registered U.S. futures exchange. This is the sum of all accounts with a
net liquidating equity and is reported to the CFTC.

56

[2] A firms Adjusted Net Capital is the amount of regulatory capital

available to meet the FCMs minimum net capital requirement. The
classification of assets and liabilities used in arriving at net capital, and
the additional capital haircuts that an FCM may be required to take, are
set forth in CFTC Regulation 1.17.
[3] Secured amount represents the amount of funds an FCM is required to
set aside for customers who trade on futures exchanges located outside
the United States.

[4] Non-U.S. customer equity is the amount of funds FCMs hold for traders
outside of the United States. This was obtained from the FCMs on a
voluntary basis. It is not reported to the CFTC.
[5] This is the number of trades cleared by the listed firm through
September.

DND
DND
DND
***
DND
DND
***
DND
6,000.00
***
DND
351.24
DND
DND
***
DND
DND
***
DND
DND
3,100.00
***
DND
DND
DND
42.09

DND
DND
DND
***
DND
DND
***
1,676.00
335.00
***
DND
3,150.24
41.82
DND
***
DND
DND
***
51.40
5.37
78.00
***
DND
DND
115.00
5.64

I
I
I
I
Both
Both
I
Both
Y
Both
Both
I
Both
Both
I
I
Both
Both
I
Both
Both
I
I
Both
Both
Both

N
N
Y
N
Y
Y
N
Y
Y
Y
N
Y
Y
Y
N
N
Y
Y
N
N
N
N
Y
Y
Y
Y

***
DND
DND
DND
***
90.46
DND
DND
DND

***
2.23
238.75
DND
***
3,139.99
10.95
DND
DND

I
Both
Both
I
I
I
Both
Both
Both

N
Y
Y
N
N
Y
Y
N
N

1.50
12.248

27.50
29.12

Both
Both

Y
N

***
3.00
***
***
***
DND
***
zero

***
114.00
***
***
***
DND
0.23
DND

***
Both
***
Both
***
Both
***
Both

***
N
***
Y
***
N
***
Y

***

***

***

***

[10] Morgan Stanley & Co. Inc. includes Morgan Stanley Smith Barney LLC
[11] ABN AMRO Clearing Chicago LLC is a 100% subsidiary of ABN AMRO
Clearing Bank N.V (AACB). AACB is owned by ABN AMRO Bank N.V.,
which is owned by ABN AMRO Group N.V., which owns Fortis Bank (last
years figures includes those of Fortis).

[6] Goldman Sachs & Co. includes amounts from Goldman Sachs Execution
and Clearing LP

[12] Rosenthal Collins Group LLC includes MG Financial LLC

[7] JP Morgan Futures Inc. includes amounts from JP Morgan Clearing Corp.
and JP Morgan Securities LLC.

[14] optionsXpress, Inc. includes amounts from Open E Cry, LLC

[8] Merrill Lynch Fenner & Smith includes amount from Merrill Lynch
Professional Clearing Corp.

DND Did not disclose

[9] UBS Securities LLC includes amounts from UBS Financial Services Inc.

FUTURES December 2010

Managed Funds (Y/N)

Broker/Dealer (Y/N)

2
1
3
4
5
7
6
8
9
11
10
12
14
13
16
18
17
19
15
26
22
23
20
24
25
27
NA
21
30
29
31
32
33
34
35
38
NA
36
37
NA
48
41
46
39
43
42
47
44
NA
45

Retail/Institutional

2010 Secured amount

(millions) [3]

20,699.80
20,117.84
15,997.00
11,344.53
10,222.46
10,106.92
9,911.61
8,622.33
5,316.60
4,962.30
4,497.62
2,550.24
2,244.33
1,806.47
1,516.31
1,376.14
1,335.29
1,162.42
1,147.76
1,098.44
787.23
787.16
736.69
641.63
615.88
444.02
387.29
384.07
361.39
281.89
275.98
270.92
229.07
211.41
187.14
161.53
92.67
91.31
74.76
63.15
60.28
57.62
52.14
47.95
38.53
37.84
33.17
31.26
25.44
19.98

2010 Global clearing

volume (millions) [5]

2010 Adjusted net

capital (millions) [2]

09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010
09/30/2010

2010 Non-US customer

equity (millions) [4]

2009 Customer equity

(millions) [1]

Goldman Sachs & Co. [6]

Newedge USA, LLC
J.P. Morgan Futures Inc. [7]
Deutsche Bank Securities Inc.
Citigroup Global Markets Inc.
Merrill Lynch Pierce Fenner & Smith [8]
UBS Securities LLC [9]
MF Global Inc.
Morgan Stanley & Co. Incorporated [10]
Credit Suisse Group AG
Barclays Capital Inc.
Prudential Bache Commodities LLC
ADM Investor Services, Inc.
R.J. O'Brien & Associates
RBS Securities Inc.
ABN AMRO Clearing Chicago LLC [11]
Rosenthal Collins Group LLC [12]
FC Stone LLC
BNP Paribas Commodity Futures, Inc.
Interactive Brokers LLC [13]
Macquarie Futures USA Inc.
HSBC Securities USA Inc.
Mizuho Securities USA Inc
McVean Trading & Investments, LLC
Penson Futures
PFGBEST
Tradestation Securities Inc.
RBC Capital Markets
Vision Financial Markets LLC
Advantage Futures LLC
Enskilda Futures Limited
TENCO Inc.
Triland USA, Inc.
Rand Financial Services, Inc.
Country Hedging, Inc.
optionsXpress, Inc. [14]
Nomura Securities International Inc.
Dorman Trading, LLC
MBF Clearing Corp.
TransAct Futures
Mid-Co Commodities Inc.
Velocity Futures, LLC
Sterling Commodities Corporation
Crossland LLC
Cunningham Commodities, LLC
Farr Financial Inc.
Frontier Futures Inc.
The Linn Group
CX Capital Markets LLC
Oppenheimer & Co. Inc.

2009 Rank

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50

2010 Customer equity

(millions) [1]

2010 Rank

Data as of

TOP 50 Brokers continued

[13] Interactive Brokers LLC includes Timber Hill LLC

*** Did not respond with information
NA Not applicable

ASX
BM&F
BOX
BSE-India
CBOE
CCX
CFE
CME Group / CBOT
COMEX
DME
ECX
ELX
EUREX
Euronext Liffe
HKEX
ICE
ICE-Canada
ICE Futures Europe
ICE Futures US
IDEM
ISE
KCBT
KRX
LME
LSE
MEFF
MGEX
MX
Nasdaq OMX PHLX
NFX
NYMEX
NYSE ACRA OPTIONS
NYSE Amex
NYSE / Euronext
Nasdaq OMX
ONE CHICAGO
OSE
SAFEX
SGX
TGE
TFX
TOCOM
TSE
TSX
WIENER BORSE

Key

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50

ASX
Australian Stock Exchange
BM&F Brazilian Mercantile Futures Exchange
BOX
Boston Options Exchange
BSE-India Bombay Stock Exchange
CBOE Chicago Board Options Exchange
CCX
Chicago Climate Exchange
CFE
CBOE Futures Exchange
CME Group / CBOT

Chicago Mercantile Exchange/

Chicago Board of Trade
COMEX Commodity Exchange (New York)
DME
Dubai Mercantile Exchange
ECX
European Climate Exchange

ELX
EUREX Eurex
Euronext Liffe
HKEX Hong Kong Exchanges and Clearing Ltd.
ICE
InterContinental Exchange
ICE-Canada
ICE Futures Europe
ICE Futures US
IDEM Italian Derivatives Exchange
ISE
International Securities Exchange
KCBT Kansas City Board of Trade
KRX
Korea Exchange
LME
London Metal Exchange

LSE
London Stock Exchange
MEFF Spanish Financial Futures

& Options Exchange
MGEX Minneapolis Grain Exchange
MX
Montreal Exchange
Nasdaq OMX PHLX
NFX
Nasdaq OMX Futures Exchange
NYMEX New York Mercantile Exchange
NYSE ACRA OPTIONS
NYSE Amex
NYSE / Euronext New York Stock Exchange
Nasdaq OMX
ONE CHICAGO OneChicago SSF Exchange

OSE
Osaka Securities Exchange
SAFEX South African Futures Exchange
SGX
Singapore Exchange
TGE
Tokyo Grain Exchange
TFX
Tokyo Financial Exchange Inc
TOCOM Tokyo Commodity Exchange
TSE
Tokyo Stock Exchange
TSX
Toronto Stock Exchange
WIENER BORSE Austria Exchange
Note: Some exchanges listed now operate
as subsidiaries of other exchanges.

futuresmag.com

57