Futures commission merchants, month by month · January 2026
Futures commission merchants in January 2026
67 FCMs reported $604 billion in customer funds for January 2026, +3.5% on the month; the fifteen largest held 91% of it.
$604 billion
customer funds, all FCMs
+3.5%
change on the month
67
FCMs reporting
91%
held by the fifteen largest
The largest FCMs by customer funds
Customer funds are what each FCM must hold for its customers, as it reports them: US futures, foreign futures and cleared swaps added together.
| FCM | Customer funds | Change on the month | US futures (4d) | Foreign futures (Part 30) | Cleared swaps | Adjusted net capital |
|---|---|---|---|---|---|---|
| Jp Morgan Securities LLC | $102 billion | +4.1% | $70 billion | $8.1 billion | $23 billion | $26 billion |
| Morgan Stanley & Co LLC | $74 billion | +0.8% | $32 billion | $10 billion | $31 billion | $18 billion |
| Goldman Sachs & Co LLC | $71 billion | −0.8% | $36 billion | $11 billion | $24 billion | $22 billion |
| Citigroup Global Markets Inc | $60 billion | +4.6% | $22 billion | $5.4 billion | $32 billion | $18 billion |
| Bofa Securities Inc | $58 billion | −2.0% | $31 billion | $5.3 billion | $22 billion | $20 billion |
| Barclays Capital Inc | $52 billion | +4.1% | $21 billion | $6.3 billion | $25 billion | $7.6 billion |
| Sg Americas Securities LLC | $35 billion | +5.6% | $25 billion | $7.2 billion | $2.3 billion | $6.2 billion |
| Wells Fargo Securities LLC | $25 billion | +0.9% | $8.0 billion | $421 million | $17 billion | $10 billion |
| Bnp Paribas Securities Corp | $14 billion | +15.5% | $9.8 billion | $533 million | $4.0 billion | $4.3 billion |
| Ubs Securities LLC | $12 billion | +9.5% | $9.4 billion | $1.7 billion | $816 million | $4.0 billion |
| Interactive Brokers LLC | $11 billion | +8.1% | $10 billion | $751 million | $21.3 million | $10 billion |
| Hsbc Securities USA Inc | $10 billion | +21.6% | $8.3 billion | $417 million | $1.6 billion | $1.3 billion |
| Rbc Capital Markets LLC | $9.3 billion | +12.0% | $5.6 billion | $1.0 billion | $2.6 billion | $1.9 billion |
| Marex Capital Markets Inc | $9.2 billion | +1.1% | $8.7 billion | $382 million | $74.3 million | $887 million |
| Mizuho Securities USA LLC | $9.1 billion | +10.1% | $7.2 billion | $1.8 billion | $0 | $1.4 billion |
| Adm Investor Services Inc | $8.8 billion | +4.2% | $8.3 billion | $508 million | $0 | $487 million |
| Stonex Financial Inc | $6.7 billion | +7.6% | $6.4 billion | $353 million | $0 | $578 million |
| Rj Obrien Associates LLC | $6.6 billion | +7.2% | $6.4 billion | $233 million | $0 | $430 million |
| Macquarie Futures USA LLC | $5.8 billion | +20.3% | $5.2 billion | $583 million | $0 | $630 million |
| Deutsche Bank Securities Inc | $5.3 billion | +11.3% | $3.9 billion | $1.0 billion | $402 million | $3.1 billion |
| Abn Amro Clearing USA LLC | $4.8 billion | +22.2% | $4.6 billion | $195 million | $0 | $988 million |
| Santander US Capital Markets LLC | $3.2 billion | +8.4% | $3.2 billion | $0 | $0 | $579 million |
| Wedbush Securities Inc | $1.2 billion | −34.1% | $1.2 billion | $10.6 million | $39.4 million | $275 million |
| Clear Street LLC | $1.1 billion | −4.4% | $1.1 billion | $2.3 million | $0 | $914 million |
| Phillip Capital Inc | $932 million | −0.4% | $905 million | $26.8 million | $0 | $137 million |
Biggest movers on the month
Among FCMs holding $100 million or more, the largest changes in customer funds from the month before, in dollars.
| FCM | Customer funds | Change | Change |
|---|---|---|---|
| Jp Morgan Securities LLC | $102 billion | +$4.0 billion | +4.1% |
| Citigroup Global Markets Inc | $60 billion | +$2.6 billion | +4.6% |
| Barclays Capital Inc | $52 billion | +$2.1 billion | +4.1% |
| Bnp Paribas Securities Corp | $14 billion | +$1.9 billion | +15.5% |
| Sg Americas Securities LLC | $35 billion | +$1.8 billion | +5.6% |
| Hsbc Securities USA Inc | $10 billion | +$1.8 billion | +21.6% |
| Bofa Securities Inc | $58 billion | −$1.2 billion | −2.0% |
| Ubs Securities LLC | $12 billion | +$1.0 billion | +9.5% |
| Rbc Capital Markets LLC | $9.3 billion | +$996 million | +12.0% |
| Macquarie Futures USA LLC | $5.8 billion | +$979 million | +20.3% |
Every FCM reporting for January 2026
All 67, by customer funds.
| FCM | Customer funds | Change on the month | US futures (4d) | Foreign futures (Part 30) | Cleared swaps | Adjusted net capital |
|---|---|---|---|---|---|---|
| Jp Morgan Securities LLC | $102 billion | +4.1% | $70 billion | $8.1 billion | $23 billion | $26 billion |
| Morgan Stanley & Co LLC | $74 billion | +0.8% | $32 billion | $10 billion | $31 billion | $18 billion |
| Goldman Sachs & Co LLC | $71 billion | −0.8% | $36 billion | $11 billion | $24 billion | $22 billion |
| Citigroup Global Markets Inc | $60 billion | +4.6% | $22 billion | $5.4 billion | $32 billion | $18 billion |
| Bofa Securities Inc | $58 billion | −2.0% | $31 billion | $5.3 billion | $22 billion | $20 billion |
| Barclays Capital Inc | $52 billion | +4.1% | $21 billion | $6.3 billion | $25 billion | $7.6 billion |
| Sg Americas Securities LLC | $35 billion | +5.6% | $25 billion | $7.2 billion | $2.3 billion | $6.2 billion |
| Wells Fargo Securities LLC | $25 billion | +0.9% | $8.0 billion | $421 million | $17 billion | $10 billion |
| Bnp Paribas Securities Corp | $14 billion | +15.5% | $9.8 billion | $533 million | $4.0 billion | $4.3 billion |
| Ubs Securities LLC | $12 billion | +9.5% | $9.4 billion | $1.7 billion | $816 million | $4.0 billion |
| Interactive Brokers LLC | $11 billion | +8.1% | $10 billion | $751 million | $21.3 million | $10 billion |
| Hsbc Securities USA Inc | $10 billion | +21.6% | $8.3 billion | $417 million | $1.6 billion | $1.3 billion |
| Rbc Capital Markets LLC | $9.3 billion | +12.0% | $5.6 billion | $1.0 billion | $2.6 billion | $1.9 billion |
| Marex Capital Markets Inc | $9.2 billion | +1.1% | $8.7 billion | $382 million | $74.3 million | $887 million |
| Mizuho Securities USA LLC | $9.1 billion | +10.1% | $7.2 billion | $1.8 billion | $0 | $1.4 billion |
| Adm Investor Services Inc | $8.8 billion | +4.2% | $8.3 billion | $508 million | $0 | $487 million |
| Stonex Financial Inc | $6.7 billion | +7.6% | $6.4 billion | $353 million | $0 | $578 million |
| Rj Obrien Associates LLC | $6.6 billion | +7.2% | $6.4 billion | $233 million | $0 | $430 million |
| Macquarie Futures USA LLC | $5.8 billion | +20.3% | $5.2 billion | $583 million | $0 | $630 million |
| Deutsche Bank Securities Inc | $5.3 billion | +11.3% | $3.9 billion | $1.0 billion | $402 million | $3.1 billion |
| Abn Amro Clearing USA LLC | $4.8 billion | +22.2% | $4.6 billion | $195 million | $0 | $988 million |
| Santander US Capital Markets LLC | $3.2 billion | +8.4% | $3.2 billion | $0 | $0 | $579 million |
| Wedbush Securities Inc | $1.2 billion | −34.1% | $1.2 billion | $10.6 million | $39.4 million | $275 million |
| Clear Street LLC | $1.1 billion | −4.4% | $1.1 billion | $2.3 million | $0 | $914 million |
| Phillip Capital Inc | $932 million | −0.4% | $905 million | $26.8 million | $0 | $137 million |
| Plus500us Financial Services, LLC | $867 million | −4.2% | $859 million | $383,385 | $7.2 million | $117 million |
| Tradestation Securities Inc | $847 million | +7.3% | $828 million | $18.1 million | $0 | $219 million |
| Charles Schwab Futures and Forex LLC | $793 million | +13.5% | $793 million | $0 | $0 | $268 million |
| Advantage Futures LLC | $779 million | −5.6% | $700 million | $79.2 million | $0 | $39.1 million |
| Hidden Road Partners Civ US LLC | $763 million | +8.4% | $763 million | $0 | $0 | $534 million |
| Nanhua USA LLC | $671 million | −15.1% | $670 million | $1.2 million | $0 | $68.9 million |
| Straits Financial LLC | $558 million | +5.2% | $541 million | $17.1 million | $0 | $52.8 million |
| Gh Financials LLC | $553 million | +42.1% | $530 million | $23.2 million | $0 | $47.8 million |
| Ninjatrader Clearing LLC | $335 million | +7.7% | $333 million | $1.7 million | $0 | $92.3 million |
| Dorman Trading LLC | $273 million | −2.7% | $270 million | $3.4 million | $0 | $28.4 million |
| Mcvean Trading & Investments LLC | $259 million | −3.5% | $259 million | $0 | $0 | $14.7 million |
| Coinbase Financial Markets Inc | $191 million | +14.0% | $189 million | $0 | $1.8 million | $261 million |
| Ironbeam Inc | $141 million | +8.2% | $141 million | $108,254 | $0 | $17.3 million |
| Robinhood Derivatives LLC | $132 million | +1.4% | $100 million | $0 | $32.2 million | $221 million |
| Apex Clearing Corporation | $131 million | −10.8% | $131 million | $0 | $0 | $518 million |
| Ubs Financial Services Inc | $96.5 million | −33.4% | $95.7 million | $790,000 | $0 | $1.5 billion |
| Chs Hedging LLC | $91.5 million | +23.4% | $91.5 million | $0 | $0 | $101 million |
| Etrade Futures LLC | $89.9 million | +2.7% | $89.9 million | $0 | $0 | $51.0 million |
| Nomura Securities International Inc | $88.7 million | +16.9% | $88.7 million | $0 | $0 | $2.0 billion |
| Amp Global Clearing LLC | $87.8 million | +4.1% | $86.3 million | $1.5 million | $0 | $18.4 million |
| Direct Access USA LLC | $76.2 million | +1.0% | $74.7 million | $1.5 million | $0 | $17.7 million |
| Webull Financial LLC | $47.4 million | +13.2% | $47.2 million | $0 | $229,805 | $195 million |
| Mid Co Commodities Inc | $35.5 million | −4.0% | $35.5 million | $0 | $0 | $18.1 million |
| Performance Predictions II LLC | $1.2 million | +94.1% | $0 | $0 | $1.2 million | $27.3 million |
| Bitnomial Clearing LLC | $522,867 | +6.5% | $522,867 | $0 | $0 | $1.7 million |
| Fanduel Prediction Markets LLC | $58,350 | +1296.6% | $2,223 | $0 | $56,127 | $15.7 million |
| Lime Trading Corp | $32,823 | −0.6% | $32,823 | $0 | $0 | $10.8 million |
| Sleeper Markets LLC | $943 | new | $0 | $0 | $943 | $5.7 million |
| Cantor Fitzgerald & Co | $0 | new | $0 | $0 | $0 | $511 million |
| Curvature Securities LLC | $0 | new | $0 | $0 | $0 | $106 million |
| Daiwa Capital Markets America Inc | $0 | new | $0 | $0 | $0 | $1.4 billion |
| Dv Securities LLC | $0 | new | $0 | $0 | $0 | $113 million |
| Foris Dax FCM LLC | $0 | new | $0 | $0 | $0 | $4.5 million |
| Gain Capital Group LLC | $0 | new | $0 | $0 | $0 | $67.8 million |
| Jefferies LLC | $0 | new | $0 | $0 | $0 | $1.6 billion |
| Mfi Funding LLC | $0 | new | $0 | $0 | $0 | $462 million |
| Mint Brokers | $0 | new | $0 | $0 | $0 | $2.3 million |
| Natwest Markets Securities Inc | $0 | new | $0 | $0 | $0 | $482 million |
| Oanda Corporation | $0 | new | $0 | $0 | $0 | $32.9 million |
| Scotia Capital USA Inc | $0 | new | $0 | $0 | $0 | $1.2 billion |
| Udm LLC | $0 | new | $0 | $0 | $0 | $2.2 million |
| Webull Futures LLC | $0 | new | $0 | $0 | $0 | $25.2 million |
What the data can and cannot say
- The CFTC publishes each FCM's own month-end report. The figures are the amounts each firm is required to hold for customers and its adjusted net capital; they are not its revenue or its market share of trading.
- A change on the month can come from customers' positions, margin levels or market moves as much as from customers won or lost.
- Firms are matched from one month to the next by name; a firm that renamed shows as new.
Sources: CFTC, Financial Data for FCMs. Figures are as filed; none is estimated. Not investment advice.