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Top 50 FCMs - Ranked by Customer Segregated Funds
Many traders feel bigger is better when it comes to a Futures Commission Merchant (FCM). That theory may have been
proved wrong last year when Refco's CEO had hidden $430 million in debt and forced the company into bankruptcy. Much
of that business has since moved to Man Financial. FCMs, for those who don't know, are basically the companies that
clear trades for your brokerage firm. Most brokers don't have the resources for traders in all the pits and the back office
support, so they use an FCM.
We have listed the Top 50 FCMs by Customer Segregated Funds. This is basically the total of all their customers funds
The funds in these accounts cannot be touched by the FCM, so traders can rest assured their money is safe even in the case of
an FCM going bankrupt. We have also listed whether the FCM is a Broker / Dealer. They clear stocks and other securities. If
the FCM is not a Broker / Dealer, they just strictly clear the futures markets. They are the more pure FCM for the commodity and
futures markets if you wanted to narrow the field.
*Rankings By FCM's Customer Equity - September 30, 2005
(Information obtained from the CFTC)
| 11 |
Futures Commission Merchant |
B/D |
Customer Segregated Funds $ |
| 01 |
GOLDMAN SACHS & CO
|
Y |
10611.66 (millions)
|
| 02 |
CITIGROUP GLOBAL MARKETS INC |
Y |
8372.74
|
| 03 |
JP MORGAN FUTURES INC |
Y |
7545.47
|
| 04 |
REFCO
|
N |
6468.36
|
| 05 |
UBS SECURITIES LLC
|
Y |
6383.98
|
| 06 |
MERRILL LYNCH
|
Y |
5804.64
|
| 07 |
CALYON FINANCIAL
|
Y |
5448.72
|
| 08 |
FIMAT USA INC
|
Y |
5281.42
|
| 09 |
MAN FINANCIAL
|
N |
5132.89
|
| 10 |
LEHMAN BROTHERS
|
Y |
2981.92
|
| 11 |
MORGAN STANLEY & CO.
|
Y |
2867.46
|
| 12 |
ABN AMRO INCORPORATED
|
Y |
2830.16
|
| 13 |
BEAR STEARNS SECURITIES
|
Y |
2817.98
|
| 14 |
BARCLAYS CAPITAL
|
Y |
2487.65
|
| 15 |
RJ O'BRIEN & ASSOCIATES
|
N |
1603.08
|
| 16 |
PRUDENTIAL EQUITY GROUP
|
N |
1599.82
|
| 17 |
CREDIT SUISSE FIRST BOSTON, LLC
|
Y |
1585.95
|
| 18 |
DEUTSCHE BANK SECURITIES, INC
|
Y |
1539.06
|
| 19 |
HSBC SECURITIES USA
|
Y |
1021.07
|
| 20 |
BNP PARIBAS BROKERAGE SERVICES
|
N |
1006.29
|
| 21 |
ADM INVESTOR SERVICES
|
N |
887.26
|
| 22 |
FC STONE, LLC
|
N |
528.82
|
| 23 |
AG EDWARDS & SONS
|
N |
436.43
|
| 24 |
GREENWICH CAPITAL MARKETS
|
Y |
430.86
|
| 25 |
ROSENTHAL COLLINS GROUP
|
N |
378.27
|
| 26 |
MCVEAN TRADING AND INVESTMENTS
|
N |
358.31
|
| 27 |
VISION LP
|
N |
356.59
|
| 28 |
BANC OF AMERICA FUTURES
|
Y |
258.47
|
| 29 |
INTERACTIVE BROKERS GROUP
|
Y |
204.34
|
| 30 |
MIZUHO SECURITIES
|
Y |
193.94
|
| 31 |
MBF CLEARING CORP
|
N |
188.39
|
| 32 |
FORTIS CLEARING CHICAGO LLC
|
N |
180.28
|
| 33 |
PEREGRINE FINANCIAL GROUP
|
N |
125.06
|
| 34 |
ALARON TRADING CORP
|
N |
122.86
|
| 35 |
TRILAND USA
|
N |
204.34
|
| 36 |
RAND FINANCIAL SERVICES
|
N |
117.52
|
| 37 |
IOWA GRAIN CO.
|
N |
116.32
|
| 38 |
ENSKILDA FUTURES LIMITED
|
N |
111.40
|
| 39 |
ADVANTAGE FUTURES LLC
|
N |
109.88
|
| 40 |
TENCO, INC
|
N |
92.14
|
| 41 |
GOLDENBERG HEHMEYER & CO.
|
Y |
88.34
|
| 42 |
XPRESSTRADE, LLC
|
N |
75.98
|
| 43 |
FIRST CAPITOL GROUP
|
N |
53.37
|
| 44 |
O'CONNOR & CO.
|
Y |
51.85
|
| 45 |
KOTTKE ASSOCIATES
|
N |
46.19
|
| 46 |
CADENT FINANCIAL SERVICES
|
N |
39.52
|
| 47 |
CANTOR FITZGERALD AND CO.
|
Y |
38.46
|
| 48 |
STERLING COMMODITIES CORP.
|
N |
36.19
|
| 49 |
GELBER GROUP, LLC
|
N |
35.26
|
| 50 |
FARR FINANCIAL INC
|
N |
34.69
|
DeepDiscountFutures.com provides a comparison of Online Discount Commodity Futures Brokers. We compare the brokers
discount commission rates, fees, services, trading platforms all in order for Futures Traders to find the best Online Futures Broker
for their Commodity Trading.
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