FOOTNOTES

2012 Customer equity

(millions) [1]

2011 Rank

2011 Customer equity

(millions) [1]

2012 Adjusted net

capital (millions) [2]

2012 Secured amount

(millions) [3]

Broker/Dealer (Y/N)

2012 Non-U.S. customer

equity (millions) [4]

2012 Global clearing

volume (millions) [5]

Retail/Institutional

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
51
52
53

44

Goldman Sachs & Co. [6]

J.P. Morgan Securities LLC [7]
Newedge USA, LLC
Deutsche Bank Securities Inc.
UBS Securities LLC
Merrill Lynch, Pierce, Fenner & Smith Inc. [8]
Citigroup Global Markets Inc.
Morgan Stanley & Co. LLC
Credit Suisse Securities (USA) LLC
Barclays Capital Inc.
R.J.OBrien & Associates
ADM Investor Services, Inc.
Jefferies Bache LLC
Interactive Brokers LLC [9]
ABN AMRO Clearing Chicago LLC
RBS Securities Inc.
Rosenthal Collins Group LLC
FCStone, LLC
BNP Paribas Commodity Futures, Inc. [10]
Mizuho Securities USA Inc.
McVean Trading & Investments, LLC
HSBC Securities USA Inc.
Macquarie Futures USA LLC
Morgan Stanley Smith Barney LLC
RBC CM LLC [11]
Vision Financial Markets LLC
Santander Investment Securities
BNP Paribas Securities Corp.
Advantage Futures LLC
Knight Capital Americas LLC [12]
Rand Financial Services, Inc.
Tradestation Securities Inc.
Enskilda Futures Limited
Phillip Futures Inc.
BNY Mellon Clearing LLC
State Street Global Markets LLC
CHS Hedging, Inc. [13]
Dorman Trading, LLC
UBS Financial Services Inc.
Open E Cry LLC [14]
TD Ameritrade, Inc.
optionsXpress, Inc.
MAREX North America LLC
The Linn Group
Straits Financial LLC
Cunningham Commodities, LLC
Crossland LLC
York Business Associates LLC [15]
Velocity Futures, LLC
Nomura Securities International Inc.
Ironbeam Inc.
AMP Global Clearing LLC
CX Capital Markets

19,941.28
18,272.15
16,470.66
14,828.21
8,938.32
8,342.40
8,018.19
7,430.42
6,374.16
5,904.94
4,001.52
2,975.11
2,580.00
2,320.72
2,227.72
1,704.88
1,625.07
1,620.50
1,286.61
942.78
940.34
857.96
736.55
727.26
581.27
538.37
534.84
481.80
446.90
425.82
389.56
389.20
292.10
185.46
144.59
141.40
141.03
138.43
131.85
106.59
102.91
98.55
89.42
80.40
78.51
73.35
67.75
63.97
58.06
51.40
50.59
36.04
34.03

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

21,218.01
19,543.63
20,455.38
15,085.17
10,990.73
10,599.79
10,457.45
6,026.95
6,467.64
5,412.44
2,507.11
2,560.55
2,968.81
1,421.17
1,954.09
2,472.66
1,288.76
1,406.63
1,522.53
753.04
858.75
972.85
871.66
560.41
500.66
329.97
401.02
455.37
392.83
815.32
107.21
428.05
374.98
62.96
561.85
NA
286.21
105.60
165.69
NA
NA
165.31
77.94
NA
NA
56.24
72.81
79.93
85.37
117.03
39.23
NA
NA

15,444.82
18,498.53
1,906.86
7,289.59
12,068.42
12,353.55
7,092.40
7,980.56
6,060.48
5,651.43
207.49
289.06
224.10
2,220.56
267.56
3,948.60
97.66
123.56
2,213.10
520.34
13.70
1,128.82
92.96
2,602.87
1,422.32
26.77
220.77
1,877.04
19.77
289.32
70.63
48.41
36.52
27.49
296.35
489.28
25.94
9.65
1,197.79
4.74
261.41
77.84
11.88
3.67
9.52
2.94
7.76
3.44
1.56
1,877.91
2.55
2.36
3.34

8,684.42
4,177.07
5,759.59
1,430.78
3,671.65
2,313.49
1,473.02
1,630.66
2,036.49
3,502.14
194.33
172.15
566.32
399.70
509.43
32.73
83.22
77.58
482.05
1,272.08
5.69
94.13
108.29
100.31
72.68
9.67
0.00
0.00
55.59
7.92
23.36
15.06
0.00
0.00
24.17
43.19
0.93
1.85
2.98
3.10
0.00
3.70
4.38
0.18
12.43
0.57
13.05
1.91
14.69
0.18
0.25
0.18
0.00

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

***
DND
DND
***
***
DND
***
***
***
***
DND
DND
***
DND
DND
***
DND
DND
***
DND
DND
***
DND
***
DND
DND
***
***
DND
***
DND
***
***
185.46
***
***
DND
DND
***
***
DND
DND
***
***
DND
***
***
DND
DND
***
DND
DND
***

***
DND
DND
***
***
DND
***
***
***
***
DND
DND
***
DND
DND
***
DND
28.88
***
DND
DND
***
DND
***
DND
17.23
***
***
321.05
***
DND
***
***
DND
***
***
DND
40.00
***
***
DND
DND
***
***
DND
***
***
DND
48.90
***
DND
DND
***

***
I
I
***
***
Both
***
***
***
***
Both
Both
***
Both
I
***
Both
Both
***
I
Both
***
Both
***
I
Both
***
***
Both
***
I
***
***
Both
***
***
Both
Both
***
***
Both
Both
***
***
Both
***
***
Both
Both
***
Both
R
***

[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.
[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.
[6] Goldman Sachs & Co. includes amounts from Goldman Sachs Execution and Clearing LP.
[7] JP Morgan Securities LLC includes amounts from JP Morgan Clearing Corp.

FUTURES December/January 2013

Managed Funds (Y/N)

Data as of
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012
09/30/2012

2012 RANK

***
N
N
***
***
Y
***
***
***
***
Y
Y
***
N
N
***
Y
Y
***
N
Y
***
N
***
N
Y
***
***
Y
***
N
***
***
DND
***
N
Y
***
N
N
***
***
Y
***
***
N
N
***
Y
Y
***

[8] Merrill Lynch, Pierce, Fenner & Smith Incorporated includes amount from Merrill Lynch Professional
Clearing Corp.
[9] Interactive Brokers LLC includes Timber Hill LLC.
[10] BNP Paribas Commodity Futures, Inc. is now BNP Paribas Prime Brokerage Inc. because of the
acquisition of Bank of Americas Prime Brokerage activities.
[11] RBC CM LLC formerly was known as RBC Capital Markets.
[12] Knight Capital Americas LLC acquired the futures division of Penson Financial Services Inc.
[13] CHS Hedging, Inc. formerly was known as Country Hedging, Inc.
[14] Open E Cry LLC is a a subsidiary of GAIN Capital Holdings
[15] York Business Associates LLC is doing business as TransAct Futures (TransAct).
*** Did not respond with information
DND Did not disclose
NA Not applicable

ASX
BATS
BM&F
BOX
BSE-India
CBOE
CCX
CFE
CME Group/ CBOT
COMEX
DGCX
DME
ECX
ELX
EUREX
Euronext Liffe
HKEX
ICE
ICE-Canada
ICE Futures Europe
ICE Futures US
IDEM
ISE
KCBT
KRX
LME
LSE
MEFF
MEXDER
MGEX
MX
Nasdaq OMX
Nasdaq OMX PHLX
NFX
NSE
NYMEX
NYSE ARCA OPTIONS
NYSE Amex
NYSE/Euronext
ONE CHICAGO
OSE
SAFEX
SGX
TFX
TGE
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
51
52
53

ASX
Australian Stock Exchange
BATS BATS Global Market
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)
DGCX Dubai Gold & Commodities Exchange

DME
Dubai Mercantile Exchange
ECX
European Climate Exchange
ELX
Electronic Liquidity Exchange
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
MEXDER Mercado Mexicano de Derivados
MGEX Minneapolis Grain Exchange
MX
Montreal Exchange
Nasdaq OMX PHLX
NFX
Nasdaq OMX Futures Exchange
NSE
National Stock Exchange of India Ltd.
NYMEX New York Mercantile Exchange
NYSE ACRA OPTIONS

NYSE Amex
NYSE / Euronext New York Stock Exchange
ONE CHICAGO OneChicago SSF Exchange
OSE
Osaka Securities Exchange
SAFEX South African Futures Exchange
SGX
Singapore Exchange
TFX
Tokyo Financial Exchange Inc
TGE
Tokyo Grain Exchange
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

45