Futures commission merchants, month by month · February 2026
Futures commission merchants in February 2026
67 FCMs reported $630 billion in customer funds for February 2026, +4.4% on the month; the fifteen largest held 91% of it.
$630 billion
customer funds, all FCMs
+4.4%
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 | $106 billion | +3.8% | $74 billion | $8.2 billion | $24 billion | $26 billion |
| Morgan Stanley & Co LLC | $80 billion | +8.1% | $37 billion | $11 billion | $32 billion | $19 billion |
| Goldman Sachs & Co LLC | $78 billion | +10.2% | $42 billion | $12 billion | $23 billion | $23 billion |
| Bofa Securities Inc | $63 billion | +8.6% | $35 billion | $6.0 billion | $22 billion | $20 billion |
| Citigroup Global Markets Inc | $60 billion | +1.5% | $22 billion | $5.6 billion | $33 billion | $18 billion |
| Barclays Capital Inc | $50 billion | −3.2% | $19 billion | $6.3 billion | $25 billion | $8.0 billion |
| Sg Americas Securities LLC | $36 billion | +4.9% | $27 billion | $7.4 billion | $2.2 billion | $5.9 billion |
| Wells Fargo Securities LLC | $25 billion | +1.2% | $8.8 billion | $478 million | $16 billion | $9.6 billion |
| Bnp Paribas Securities Corp | $15 billion | +3.8% | $10.0 billion | $573 million | $4.4 billion | $4.0 billion |
| Ubs Securities LLC | $13 billion | +9.5% | $10 billion | $1.9 billion | $902 million | $3.9 billion |
| Interactive Brokers LLC | $12 billion | +5.7% | $11 billion | $814 million | $20.4 million | $10 billion |
| Rbc Capital Markets LLC | $9.5 billion | +1.7% | $5.7 billion | $1.0 billion | $2.8 billion | $2.5 billion |
| Marex Capital Markets Inc | $9.1 billion | −1.0% | $8.7 billion | $333 million | $124 million | $896 million |
| Adm Investor Services Inc | $8.9 billion | +0.9% | $8.4 billion | $436 million | $0 | $496 million |
| Mizuho Securities USA LLC | $8.7 billion | −3.8% | $7.0 billion | $1.7 billion | $0 | $1.2 billion |
| Hsbc Securities USA Inc | $8.5 billion | −17.7% | $6.5 billion | $453 million | $1.6 billion | $1.7 billion |
| Rj Obrien Associates LLC | $7.3 billion | +10.3% | $7.1 billion | $253 million | $0 | $456 million |
| Stonex Financial Inc | $6.6 billion | −0.9% | $6.3 billion | $387 million | $0 | $596 million |
| Deutsche Bank Securities Inc | $6.0 billion | +13.6% | $4.5 billion | $1.2 billion | $360 million | $3.0 billion |
| Macquarie Futures USA LLC | $5.9 billion | +2.2% | $5.5 billion | $411 million | $0 | $660 million |
| Abn Amro Clearing USA LLC | $4.8 billion | +0.1% | $4.6 billion | $199 million | $0 | $958 million |
| Santander US Capital Markets LLC | $3.3 billion | +4.5% | $3.3 billion | $0 | $0 | $578 million |
| Wedbush Securities Inc | $1.6 billion | +29.6% | $1.5 billion | $12.1 million | $46.6 million | $265 million |
| Phillip Capital Inc | $1.4 billion | +52.5% | $1.4 billion | $30.2 million | $0 | $138 million |
| Nanhua USA LLC | $1.2 billion | +78.0% | $1.2 billion | $1.1 million | $0 | $85.7 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 |
|---|---|---|---|
| Goldman Sachs & Co LLC | $78 billion | +$7.2 billion | +10.2% |
| Morgan Stanley & Co LLC | $80 billion | +$6.0 billion | +8.1% |
| Bofa Securities Inc | $63 billion | +$5.0 billion | +8.6% |
| Jp Morgan Securities LLC | $106 billion | +$3.9 billion | +3.8% |
| Hsbc Securities USA Inc | $8.5 billion | −$1.8 billion | −17.7% |
| Sg Americas Securities LLC | $36 billion | +$1.7 billion | +4.9% |
| Barclays Capital Inc | $50 billion | −$1.7 billion | −3.2% |
| Ubs Securities LLC | $13 billion | +$1.1 billion | +9.5% |
| Citigroup Global Markets Inc | $60 billion | +$883 million | +1.5% |
| Deutsche Bank Securities Inc | $6.0 billion | +$720 million | +13.6% |
Every FCM reporting for February 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 | $106 billion | +3.8% | $74 billion | $8.2 billion | $24 billion | $26 billion |
| Morgan Stanley & Co LLC | $80 billion | +8.1% | $37 billion | $11 billion | $32 billion | $19 billion |
| Goldman Sachs & Co LLC | $78 billion | +10.2% | $42 billion | $12 billion | $23 billion | $23 billion |
| Bofa Securities Inc | $63 billion | +8.6% | $35 billion | $6.0 billion | $22 billion | $20 billion |
| Citigroup Global Markets Inc | $60 billion | +1.5% | $22 billion | $5.6 billion | $33 billion | $18 billion |
| Barclays Capital Inc | $50 billion | −3.2% | $19 billion | $6.3 billion | $25 billion | $8.0 billion |
| Sg Americas Securities LLC | $36 billion | +4.9% | $27 billion | $7.4 billion | $2.2 billion | $5.9 billion |
| Wells Fargo Securities LLC | $25 billion | +1.2% | $8.8 billion | $478 million | $16 billion | $9.6 billion |
| Bnp Paribas Securities Corp | $15 billion | +3.8% | $10.0 billion | $573 million | $4.4 billion | $4.0 billion |
| Ubs Securities LLC | $13 billion | +9.5% | $10 billion | $1.9 billion | $902 million | $3.9 billion |
| Interactive Brokers LLC | $12 billion | +5.7% | $11 billion | $814 million | $20.4 million | $10 billion |
| Rbc Capital Markets LLC | $9.5 billion | +1.7% | $5.7 billion | $1.0 billion | $2.8 billion | $2.5 billion |
| Marex Capital Markets Inc | $9.1 billion | −1.0% | $8.7 billion | $333 million | $124 million | $896 million |
| Adm Investor Services Inc | $8.9 billion | +0.9% | $8.4 billion | $436 million | $0 | $496 million |
| Mizuho Securities USA LLC | $8.7 billion | −3.8% | $7.0 billion | $1.7 billion | $0 | $1.2 billion |
| Hsbc Securities USA Inc | $8.5 billion | −17.7% | $6.5 billion | $453 million | $1.6 billion | $1.7 billion |
| Rj Obrien Associates LLC | $7.3 billion | +10.3% | $7.1 billion | $253 million | $0 | $456 million |
| Stonex Financial Inc | $6.6 billion | −0.9% | $6.3 billion | $387 million | $0 | $596 million |
| Deutsche Bank Securities Inc | $6.0 billion | +13.6% | $4.5 billion | $1.2 billion | $360 million | $3.0 billion |
| Macquarie Futures USA LLC | $5.9 billion | +2.2% | $5.5 billion | $411 million | $0 | $660 million |
| Abn Amro Clearing USA LLC | $4.8 billion | +0.1% | $4.6 billion | $199 million | $0 | $958 million |
| Santander US Capital Markets LLC | $3.3 billion | +4.5% | $3.3 billion | $0 | $0 | $578 million |
| Wedbush Securities Inc | $1.6 billion | +29.6% | $1.5 billion | $12.1 million | $46.6 million | $265 million |
| Phillip Capital Inc | $1.4 billion | +52.5% | $1.4 billion | $30.2 million | $0 | $138 million |
| Nanhua USA LLC | $1.2 billion | +78.0% | $1.2 billion | $1.1 million | $0 | $85.7 million |
| Clear Street LLC | $1.1 billion | −0.7% | $1.1 billion | $2.1 million | $0 | $1.0 billion |
| Charles Schwab Futures and Forex LLC | $1.0 billion | +29.3% | $1.0 billion | $0 | $0 | $278 million |
| Advantage Futures LLC | $878 million | +12.7% | $761 million | $117 million | $0 | $39.9 million |
| Tradestation Securities Inc | $816 million | −3.7% | $798 million | $17.2 million | $0 | $228 million |
| Plus500us Financial Services, LLC | $749 million | −13.6% | $742 million | $386,847 | $7.0 million | $118 million |
| Hidden Road Partners Civ US LLC | $675 million | −11.5% | $675 million | $0 | $0 | $594 million |
| Gh Financials LLC | $589 million | +6.5% | $569 million | $19.7 million | $0 | $48.2 million |
| Straits Financial LLC | $544 million | −2.5% | $527 million | $16.7 million | $0 | $44.5 million |
| Ninjatrader Clearing LLC | $356 million | +6.1% | $354 million | $1.8 million | $0 | $100 million |
| Dorman Trading LLC | $267 million | −2.1% | $264 million | $3.4 million | $0 | $29.3 million |
| Mcvean Trading & Investments LLC | $256 million | −1.1% | $256 million | $0 | $0 | $14.4 million |
| Coinbase Financial Markets Inc | $195 million | +2.0% | $192 million | $0 | $3.1 million | $270 million |
| Robinhood Derivatives LLC | $181 million | +36.7% | $159 million | $0 | $22.5 million | $249 million |
| Apex Clearing Corporation | $166 million | +27.2% | $166 million | $0 | $0 | $505 million |
| Ironbeam Inc | $132 million | −5.9% | $132 million | $105,650 | $0 | $17.7 million |
| Ubs Financial Services Inc | $131 million | +35.6% | $101 million | $30.0 million | $0 | $1.5 billion |
| Direct Access USA LLC | $128 million | +67.4% | $126 million | $2.1 million | $0 | $17.6 million |
| Nomura Securities International Inc | $96.5 million | +8.8% | $96.5 million | $0 | $0 | $2.0 billion |
| Etrade Futures LLC | $91.0 million | +1.2% | $91.0 million | $0 | $0 | $76.0 million |
| Amp Global Clearing LLC | $90.9 million | +3.5% | $89.3 million | $1.6 million | $0 | $19.0 million |
| Chs Hedging LLC | $83.2 million | −9.1% | $83.2 million | $0 | $0 | $109 million |
| Webull Financial LLC | $56.4 million | +18.9% | $56.2 million | $0 | $224,743 | $206 million |
| Mid Co Commodities Inc | $25.4 million | −28.6% | $25.4 million | $0 | $0 | $18.4 million |
| Performance Predictions II LLC | $737,148 | −40.8% | $0 | $0 | $737,148 | $26.8 million |
| Bitnomial Clearing LLC | $583,968 | +11.7% | $583,968 | $0 | $0 | $1.7 million |
| Sleeper Markets LLC | $572,975 | +60660.9% | $0 | $0 | $572,975 | $7.8 million |
| Fanduel Prediction Markets LLC | $173,479 | +197.3% | $20,836 | $0 | $152,643 | $14.7 million |
| Lime Trading Corp | $82,749 | +152.1% | $82,749 | $0 | $0 | $10.4 million |
| Curvature Securities LLC | $9,948 | new | $9,948 | $0 | $0 | $106 million |
| Cantor Fitzgerald & Co | $0 | new | $0 | $0 | $0 | $510 million |
| Daiwa Capital Markets America Inc | $0 | new | $0 | $0 | $0 | $1.2 billion |
| Dv Securities LLC | $0 | new | $0 | $0 | $0 | $134 million |
| Foris Dax FCM LLC | $0 | new | $0 | $0 | $0 | $4.3 million |
| Gain Capital Group LLC | $0 | new | $0 | $0 | $0 | $63.0 million |
| Jefferies LLC | $0 | new | $0 | $0 | $0 | $1.4 billion |
| Mfi Funding LLC | $0 | new | $0 | $0 | $0 | $464 million |
| Mint Brokers | $0 | new | $0 | $0 | $0 | $2.4 million |
| Natwest Markets Securities Inc | $0 | new | $0 | $0 | $0 | $654 million |
| Oanda Corporation | $0 | new | $0 | $0 | $0 | $34.4 million |
| Scotia Capital USA Inc | $0 | new | $0 | $0 | $0 | $1.2 billion |
| Udm LLC | $0 | new | $0 | $0 | $0 | $3.0 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.