Bloomberg News

CFTC-Registered Firms’ Excess to Net Capital Ratios

January 15, 2013

Following is a table detailing Futures Commission Merchants’ excess net capital as a percentage of net adjusted capital for November. These firms act as brokers for any commodity for future delivery on or subject to the rules of any exchange. They must file monthly financial reports with the Commodity Futures Trading Commission.

Adjusted net capital is the amount of regulatory capital available to meet the minimum net capital requirement as set by the CFTC. Excess net capital is the amount by which adjusted net capital exceeds the net capital requirement. The higher the ratio, the more capital the firm has available beyond what is required.

================================================================================
                                           Nov.       Oct.      Sept.      Year
                                           2012       2012       2012       Ago
================================================================================
JEFFERIES & COMPANY INC                     n/a        n/a      94.0%      93.3%
WELLS FARGO ADVISORS LLC                  99.9%      99.9%      99.9%      99.8%
CITADEL SECURITIES LLC                    99.8%      99.7%      99.8%      99.8%
================================================================================
                                           Nov.       Oct.      Sept.      Year
                                           2012       2012       2012       Ago
================================================================================
CIBC World Markets CORP                   99.7%      99.7%      99.7%      99.7%
WELLS FARGO SECURITIES LLC                99.6%      99.5%      99.5%      99.0%
NATIXIS SECURITIES AMERICAS LLC           99.5%      99.5%      99.5%      99.5%
MITSUBISHI UFJ SECURITIES USA INC         99.4%      99.4%      98.4%      99.1%
Instinet LLC                              99.0%      98.7%      96.9%      98.4%
AMERIPRISE FINANCIAL SERVICES INC         98.9%      99.0%      98.9%      99.2%
Nomura Securities INTERNATIONAL INC       98.6%      97.9%      98.5%      98.5%
GUGGENHEIM SECURITIES LLC                 98.5%      98.3%      97.1%      94.2%
DAIWA CAPITAL MARKETS AMERICA INC         98.3%      98.0%      98.7%      99.2%
BGC FINANCIAL LP                          98.2%      89.8%      95.9%      98.0%
STATE STREET GLOBAL MARKETS LLC           98.1%      99.8%      98.8%      97.8%
Cantor Fitzgerald & CO                    97.5%      95.2%      95.7%      96.1%
Morgan Keegan & COMPANY INC               97.4%      96.9%      96.6%      98.3%
WELLS FARGO ADVISORS FINANCIAL NETWO      97.0%      97.4%      97.3%      84.9%

================================================================================
                                           Nov.       Oct.      Sept.      Year
                                           2012       2012       2012       Ago
================================================================================
BNY MELLON CLEARING LLC                   96.9%      97.2%      96.4%      85.5%
Santander Investment Securities INC       96.9%      95.2%      95.8%      90.3%
Neuberger Berman LLC                      96.8%      96.3%      95.3%      98.2%
TD AMERITRADE INC                         96.5%      96.7%      96.9%      99.7%
RBS SECURITIES INC                        95.2%      95.3%      95.1%      90.4%
GOLDMAN SACHS EXECUTION & CLEARING L      95.0%      94.6%      94.1%      92.9%
Morgan Stanley SMITH BARNEY LLC           94.9%      94.5%      94.6%      97.4%
BNP Paribas Securities CORP               94.5%      93.8%      94.2%      96.7%
Tradestation Securities INC               94.3%      93.9%      94.0%      95.5%
Timber Hill LLC                           93.5%      93.8%      93.3%      94.6%
LPL FINANCIAL LLC                         93.5%      94.2%      94.5%      95.5%
OPTIONSXPRESS INC                         93.5%      92.9%      93.3%      92.2%
UBS Securities LLC                        93.4%      93.2%      92.6%      91.6%
Merrill Lynch PIERCE FENNER & SMITH       93.3%      93.2%      93.1%      92.2%
RBC Capital Markets  LLC                   93.2%      90.8%      93.6%      93.0%
KNIGHT CAPITAL AMERICAS LLC               92.8%      91.8%      92.8%        n/a
Tradelink LLC                              92.8%      93.5%      94.0%      97.4%
================================================================================
                                           Nov.       Oct.      Sept.      Year
                                           2012       2012       2012       Ago
================================================================================
IKON GLOBAL MARKETS INC                   91.6%      92.7%      93.5%      94.4%
Citigroup Global Markets INC              91.4%      90.4%      89.8%      89.6%
Deutsche Bank Securities INC              91.3%      90.7%      90.6%      92.7%
UBS Financial Services INC                91.1%      89.9%      91.0%      90.8%
Raymond James & Associates INC            90.8%      90.9%      88.4%      93.0%
MERRILL LYNCH PROFESSIONAL CLEARING       88.9%      89.2%      84.6%      93.0%
SANFORD C BERNSTEIN & CO LLC              88.3%      89.0%      88.8%      92.1%
GH FINANCIALS LLC                         88.2%      88.3%      88.3%        n/a
BNP PARIBAS PRIME BROKERAGE INC           87.9%      87.4%      87.4%      86.4%
HSBC Securities USA INC                   87.8%      88.1%      89.0%      90.7%
JP MORGAN SECURITIES LLC                  87.6%      87.2%      86.1%      86.8%
GOLDMAN SACHS & CO                        87.5%      86.8%      86.2%      82.8%
Interactive Brokers LLC                   86.7%      87.5%      86.5%      87.2%
LEK SECURITIES CORPORATION                85.8%      86.1%      85.7%      84.5%
Oppenheimer & Co INC                      85.2%      84.3%      86.3%      84.4%
MORGAN STANLEY & CO LLC                   84.3%      83.6%      82.6%      86.5%
EAGLE MARKET MAKERS INC                   82.9%      83.3%      83.6%      84.8%
================================================================================
                                           Nov.       Oct.      Sept.      Year
                                           2012       2012       2012       Ago
================================================================================
Barclays Capital INC                      82.8%      83.0%      82.2%      83.3%
Oanda Corporation                         82.2%      81.8%      80.9%      81.2%
Credit Suisse Securities (USA) LLC        81.6%      76.1%      76.4%      83.8%
Stephens Inc                              80.6%      79.0%      83.0%      86.6%
DORMAN TRADING LLC                        80.1%      80.7%      83.1%      89.7%
MCVEAN TRADING & INVESTMENTS LLC          78.6%      75.4%      76.9%      82.3%
ITG DERIVATIVES LLC                       78.3%      79.1%      78.7%      65.6%
JP MORGAN CLEARING CORP                   75.9%      76.1%      74.0%      72.1%
STRAITS FINANCIAL LLC                     75.3%      71.9%      77.1%      86.3%
Friedberg Mercantile Group INC            72.2%      72.2%      65.0%      70.8%
RAND FINANCIAL SERVICES INC               71.6%      68.1%      67.4%      79.5%
YORK BUSINESS ASSOCIATES LLC              71.0%      71.1%      70.9%      71.0%
CROSSLAND LLC                             70.5%      61.6%      76.4%      74.4%
Mitsui Bussan Commodities USA INC         69.8%      70.6%      70.2%      65.9%
CX CAPITAL MARKETS LLC                    69.8%      70.0%      70.1%      71.7%
Enskilda Futures LTD                      67.9%      59.4%      43.2%      31.1%
Open E Cry LLC                            66.5%      69.9%      76.4%      70.9%
================================================================================
                                           Nov.       Oct.      Sept.      Year
                                           2012       2012       2012       Ago
================================================================================
MAREX USA LIMITED                         64.0%      64.1%      59.4%      57.6%
Mizuho Securities USA INC                 62.9%      63.1%      64.9%      68.6%
WHITE COMMERCIAL CORPORATION              62.3%      64.9%      61.1%      64.1%
ABN AMRO CLEARING CHICAGO LLC             56.2%      50.3%      35.1%      52.8%
VISION FINANCIAL MARKETS LLC              54.0%      50.2%      50.7%      72.9%
Forex Capital Markets LLC                 52.1%      40.6%      39.8%      18.4%
IRONBEAM INC                              51.0%      55.5%      56.2%      66.9%
ADVANTAGE FUTURES LLC                     47.8%      43.7%      37.8%      47.6%
FRONTIER FUTURES INC                      47.4%      43.9%      44.4%      47.3%
ADM Investor Services INC                 46.9%      42.2%      38.4%      49.6%
CUNNINGHAM COMMODITIES LLC                45.7%      52.6%      54.9%      69.1%
LINN GROUP THE                            45.3%      37.6%      41.1%      55.2%
AMP GLOBAL CLEARING LLC                   41.3%      40.1%      36.4%      44.0%
MAREX NORTH AMERICA LLC                   41.0%      34.0%      45.8%      30.8%
Pioneer Futures INC                       40.9%      40.7%      42.6%      67.9%
Newedge USA LLC                           39.6%      38.9%      35.4%      40.7%
MBF CLEARING CORP                         38.4%      46.6%      49.0%      87.5%
================================================================================
                                           Nov.       Oct.      Sept.      Year
                                           2012       2012       2012       Ago
================================================================================
Tradition Securities and Futures INC      35.9%      33.8%      34.0%      34.9%
VELOCITY FUTURES LLC                      35.2%      36.5%      35.8%      44.3%
JEFFERIES BACHE LLC                       33.8%      29.9%      19.3%      29.3%
FCSTONE LLC                               33.4%      30.2%      30.1%      43.5%
RJ OBRIEN ASSOCIATES LLC                  33.0%      28.5%      26.3%      38.2%
EASY FOREX US LTD                         31.8%      32.1%      32.3%      42.0%
MID CO COMMODITIES INC                    31.7%      39.5%      33.8%      51.1%
Gain Capital Group  LLC                    29.7%      37.1%      43.3%      60.6%
Capital Market Services LLC               29.0%      61.2%      62.4%      59.6%
PHILLIP FUTURES INC                       27.2%      28.2%      27.2%      77.6%
Rosenthal Collins Group LLC               24.7%      23.3%      28.7%      55.5%
Alpari (US) LLC                           20.7%      30.0%      31.9%      15.4%
COMMONWEALTH FOREIGN EXCHANGE INC         19.0%       3.1%      44.2%      63.7%
FX Solutions LLC                          18.5%      27.5%      31.9%      52.9%
MACQUARIE FUTURES USA LLC                 15.5%      20.5%      26.4%      52.5%
XPRESSTRADE LLC                           12.5%      12.5%      12.6%      13.0%
MB TRADING FUTURES INC                     7.6%      11.2%      10.9%      17.6%
================================================================================
                                           Nov.       Oct.      Sept.      Year
                                           2012       2012       2012       Ago
================================================================================
Advanced Markets LLC                       1.0%       0.8%       1.2%       2.8%
INSTITUTIONAL LIQUIDITY LLC                0.3%       4.5%       6.4%       2.3%
FXDIRECTDEALER LLC                       -21.3%      21.8%      22.1%      45.5%
GLOBAL FUTURES & FOREX LTD              -193.7%      57.5%      60.2%      71.8%
INTEGRATED BROKERAGE SERVICES LLC      -1152.0%    -878.3%    -869.3%      37.5%
================================================================================
NOTE: A firm’s net capital requirement is the greater of: (1) $250,000,
(2) risk based capital requirement, the sum of 8% of total customer
risk maintenance margin and 4% of total noncustomer
risk maintenance margin; or (3) the amount of capital
required by a registered futures association; (4) for
securities brokers and dealers, the amount of net capital
required by Rule 15c3-1(a) of the Securities Exchange
Commission.

================================================================================

Nov. Oct. Sept. Year

2012 2012 2012 Ago ================================================================================

To contact the reporter on this story: Stephen Rose in Washington at srose31@bloomberg.net

To contact the editor responsible for this story: Alex Tanzi at atanzi@bloomberg.net


Video Game Avenger
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus