Futures commission merchants, month by month · March 2026
Futures commission merchants in March 2026
69 FCMs reported $647 billion in customer funds for March 2026, +2.7% on the month; the fifteen largest held 91% of it.
$647 billion
customer funds, all FCMs
+2.7%
change on the month
69
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 | +0.6% | $73 billion | $8.4 billion | $25 billion | $26 billion |
| Morgan Stanley & Co LLC | $82 billion | +2.2% | $39 billion | $9.9 billion | $33 billion | $19 billion |
| Goldman Sachs & Co LLC | $78 billion | −0.4% | $43 billion | $10 billion | $24 billion | $20 billion |
| Citigroup Global Markets Inc | $65 billion | +7.7% | $24 billion | $6.4 billion | $34 billion | $18 billion |
| Bofa Securities Inc | $64 billion | +1.5% | $36 billion | $5.9 billion | $22 billion | $20 billion |
| Barclays Capital Inc | $51 billion | +0.5% | $19 billion | $5.4 billion | $26 billion | $8.5 billion |
| Sg Americas Securities LLC | $35 billion | −2.9% | $25 billion | $8.4 billion | $2.1 billion | $6.3 billion |
| Wells Fargo Securities LLC | $28 billion | +8.7% | $9.8 billion | $394 million | $17 billion | $10 billion |
| Bnp Paribas Securities Corp | $15 billion | −2.4% | $9.5 billion | $556 million | $4.6 billion | $3.7 billion |
| Mizuho Securities USA LLC | $13 billion | +53.0% | $11 billion | $2.3 billion | $0 | $1.6 billion |
| Interactive Brokers LLC | $13 billion | +6.3% | $12 billion | $766 million | $20.4 million | $10 billion |
| Ubs Securities LLC | $12 billion | −5.4% | $9.7 billion | $1.6 billion | $974 million | $4.1 billion |
| Marex Capital Markets Inc | $12 billion | +26.6% | $11 billion | $364 million | $72.2 million | $921 million |
| Rbc Capital Markets LLC | $9.8 billion | +3.9% | $6.0 billion | $985 million | $2.9 billion | $2.4 billion |
| Hsbc Securities USA Inc | $9.2 billion | +8.5% | $7.3 billion | $388 million | $1.5 billion | $1.9 billion |
| Adm Investor Services Inc | $8.5 billion | −4.1% | $8.0 billion | $507 million | $0 | $482 million |
| Rj Obrien Associates LLC | $7.3 billion | −0.1% | $7.1 billion | $181 million | $0 | $451 million |
| Stonex Financial Inc | $7.2 billion | +8.1% | $6.8 billion | $359 million | $0 | $536 million |
| Macquarie Futures USA LLC | $6.1 billion | +2.8% | $5.7 billion | $351 million | $0 | $685 million |
| Deutsche Bank Securities Inc | $5.5 billion | −8.0% | $4.1 billion | $1.1 billion | $385 million | $3.3 billion |
| Abn Amro Clearing USA LLC | $5.5 billion | +16.0% | $5.3 billion | $203 million | $0 | $821 million |
| Santander US Capital Markets LLC | $3.6 billion | +9.0% | $3.6 billion | $0 | $0 | $559 million |
| Phillip Capital Inc | $1.1 billion | −20.6% | $1.1 billion | $10.8 million | $0 | $139 million |
| Charles Schwab Futures and Forex LLC | $1.1 billion | +7.2% | $1.1 billion | $0 | $0 | $294 million |
| Nanhua USA LLC | $1.1 billion | −11.1% | $1.1 billion | $1.8 million | $0 | $88.0 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 |
|---|---|---|---|
| Citigroup Global Markets Inc | $65 billion | +$4.6 billion | +7.7% |
| Mizuho Securities USA LLC | $13 billion | +$4.6 billion | +53.0% |
| Marex Capital Markets Inc | $12 billion | +$2.4 billion | +26.6% |
| Wells Fargo Securities LLC | $28 billion | +$2.2 billion | +8.7% |
| Morgan Stanley & Co LLC | $82 billion | +$1.7 billion | +2.2% |
| Sg Americas Securities LLC | $35 billion | −$1.0 billion | −2.9% |
| Bofa Securities Inc | $64 billion | +$945 million | +1.5% |
| Abn Amro Clearing USA LLC | $5.5 billion | +$762 million | +16.0% |
| Interactive Brokers LLC | $13 billion | +$742 million | +6.3% |
| Hsbc Securities USA Inc | $9.2 billion | +$719 million | +8.5% |
Every FCM reporting for March 2026
All 69, 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 | +0.6% | $73 billion | $8.4 billion | $25 billion | $26 billion |
| Morgan Stanley & Co LLC | $82 billion | +2.2% | $39 billion | $9.9 billion | $33 billion | $19 billion |
| Goldman Sachs & Co LLC | $78 billion | −0.4% | $43 billion | $10 billion | $24 billion | $20 billion |
| Citigroup Global Markets Inc | $65 billion | +7.7% | $24 billion | $6.4 billion | $34 billion | $18 billion |
| Bofa Securities Inc | $64 billion | +1.5% | $36 billion | $5.9 billion | $22 billion | $20 billion |
| Barclays Capital Inc | $51 billion | +0.5% | $19 billion | $5.4 billion | $26 billion | $8.5 billion |
| Sg Americas Securities LLC | $35 billion | −2.9% | $25 billion | $8.4 billion | $2.1 billion | $6.3 billion |
| Wells Fargo Securities LLC | $28 billion | +8.7% | $9.8 billion | $394 million | $17 billion | $10 billion |
| Bnp Paribas Securities Corp | $15 billion | −2.4% | $9.5 billion | $556 million | $4.6 billion | $3.7 billion |
| Mizuho Securities USA LLC | $13 billion | +53.0% | $11 billion | $2.3 billion | $0 | $1.6 billion |
| Interactive Brokers LLC | $13 billion | +6.3% | $12 billion | $766 million | $20.4 million | $10 billion |
| Ubs Securities LLC | $12 billion | −5.4% | $9.7 billion | $1.6 billion | $974 million | $4.1 billion |
| Marex Capital Markets Inc | $12 billion | +26.6% | $11 billion | $364 million | $72.2 million | $921 million |
| Rbc Capital Markets LLC | $9.8 billion | +3.9% | $6.0 billion | $985 million | $2.9 billion | $2.4 billion |
| Hsbc Securities USA Inc | $9.2 billion | +8.5% | $7.3 billion | $388 million | $1.5 billion | $1.9 billion |
| Adm Investor Services Inc | $8.5 billion | −4.1% | $8.0 billion | $507 million | $0 | $482 million |
| Rj Obrien Associates LLC | $7.3 billion | −0.1% | $7.1 billion | $181 million | $0 | $451 million |
| Stonex Financial Inc | $7.2 billion | +8.1% | $6.8 billion | $359 million | $0 | $536 million |
| Macquarie Futures USA LLC | $6.1 billion | +2.8% | $5.7 billion | $351 million | $0 | $685 million |
| Deutsche Bank Securities Inc | $5.5 billion | −8.0% | $4.1 billion | $1.1 billion | $385 million | $3.3 billion |
| Abn Amro Clearing USA LLC | $5.5 billion | +16.0% | $5.3 billion | $203 million | $0 | $821 million |
| Santander US Capital Markets LLC | $3.6 billion | +9.0% | $3.6 billion | $0 | $0 | $559 million |
| Phillip Capital Inc | $1.1 billion | −20.6% | $1.1 billion | $10.8 million | $0 | $139 million |
| Charles Schwab Futures and Forex LLC | $1.1 billion | +7.2% | $1.1 billion | $0 | $0 | $294 million |
| Nanhua USA LLC | $1.1 billion | −11.1% | $1.1 billion | $1.8 million | $0 | $88.0 million |
| Clear Street LLC | $1.0 billion | −5.9% | $1.0 billion | $2.0 million | $0 | $939 million |
| Advantage Futures LLC | $959 million | +9.3% | $925 million | $33.9 million | $0 | $45.9 million |
| Wedbush Securities Inc | $915 million | −42.6% | $852 million | $11.4 million | $51.7 million | $244 million |
| Plus500us Financial Services, LLC | $842 million | +12.4% | $833 million | $385,948 | $8.4 million | $119 million |
| Tradestation Securities Inc | $802 million | −1.7% | $786 million | $15.5 million | $0 | $232 million |
| Hidden Road Partners Civ US LLC | $734 million | +8.7% | $734 million | $0 | $0 | $596 million |
| Straits Financial LLC | $466 million | −14.2% | $442 million | $24.9 million | $0 | $42.6 million |
| Gh Financials LLC | $386 million | −34.4% | $369 million | $16.8 million | $0 | $48.2 million |
| Ninjatrader Clearing LLC | $367 million | +3.1% | $365 million | $1.6 million | $0 | $105 million |
| Dorman Trading LLC | $275 million | +3.0% | $272 million | $3.1 million | $0 | $28.5 million |
| Mcvean Trading & Investments LLC | $256 million | −0.2% | $256 million | $0 | $0 | $14.3 million |
| Robinhood Derivatives LLC | $238 million | +31.6% | $213 million | $0 | $25.3 million | $288 million |
| Apex Clearing Corporation | $210 million | +26.1% | $210 million | $0 | $0 | $451 million |
| Coinbase Financial Markets Inc | $184 million | −5.7% | $180 million | $0 | $4.2 million | $278 million |
| Etrade Futures LLC | $125 million | +37.5% | $125 million | $0 | $0 | $76.9 million |
| Ironbeam Inc | $124 million | −6.0% | $124 million | $61,972 | $0 | $18.2 million |
| Ubs Financial Services Inc | $118 million | −9.7% | $92.0 million | $26.1 million | $0 | $1.6 billion |
| Direct Access USA LLC | $110 million | −13.7% | $107 million | $3.3 million | $0 | $17.6 million |
| Nomura Securities International Inc | $110 million | +14.1% | $110 million | $0 | $0 | $2.5 billion |
| Chs Hedging LLC | $104 million | +25.2% | $104 million | $0 | $0 | $102 million |
| Amp Global Clearing LLC | $92.7 million | +2.0% | $91.2 million | $1.5 million | $0 | $19.3 million |
| Webull Financial LLC | $56.9 million | +0.9% | $56.8 million | $0 | $149,523 | $213 million |
| Mid Co Commodities Inc | $33.7 million | +32.9% | $33.7 million | $0 | $0 | $17.7 million |
| Fanduel Prediction Markets LLC | $2.1 million | +1134.9% | $77,408 | $0 | $2.1 million | $13.6 million |
| Performance Predictions II LLC | $1.1 million | +49.2% | $0 | $0 | $1.1 million | $13.6 million |
| Sleeper Markets LLC | $678,897 | +18.5% | $0 | $0 | $678,897 | $8.4 million |
| Lime Trading Corp | $592,361 | +615.9% | $592,361 | $0 | $0 | $10.0 million |
| Bitnomial Clearing LLC | $563,295 | −3.5% | $563,295 | $0 | $0 | $1.7 million |
| Curvature Securities LLC | $248,265 | +2395.6% | $248,265 | $0 | $0 | $111 million |
| Udm LLC | $2,869 | new | $0 | $0 | $2,869 | $4.9 million |
| Cantor Fitzgerald & Co | $0 | new | $0 | $0 | $0 | $610 million |
| Daiwa Capital Markets America Inc | $0 | new | $0 | $0 | $0 | $1.3 billion |
| Dv Securities LLC | $0 | new | $0 | $0 | $0 | $135 million |
| Foris Dax FCM LLC | $0 | new | $0 | $0 | $0 | $4.1 million |
| Gain Capital Group LLC | $0 | new | $0 | $0 | $0 | $80.9 million |
| Jefferies LLC | $0 | new | $0 | $0 | $0 | $1.7 billion |
| Kinetic Markets LLC | $0 | new | $0 | $0 | $0 | $1.8 million |
| Mfi Funding LLC | $0 | new | $0 | $0 | $0 | $390 million |
| Mint Brokers | $0 | new | $0 | $0 | $0 | $2.3 million |
| Morton St Trading Investments LLC | $0 | new | $0 | $0 | $0 | $5.0 million |
| Natwest Markets Securities Inc | $0 | new | $0 | $0 | $0 | $628 million |
| Oanda Corporation | $0 | new | $0 | $0 | $0 | $34.0 million |
| Scotia Capital USA Inc | $0 | new | $0 | $0 | $0 | $1.3 billion |
| Webull Futures LLC | $0 | new | $0 | $0 | $0 | $25.3 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.