SELECTED FCM FINANCIAL DATA AS OF 

December 31, 2004

FROM REPORTS FILED BY 

January 31, 2005

B/D? DSRO A/O Adjusted Net Capital Excess 

Futures Commission Merchant Date Net Capital Requirement Net Capital 

(a) (b) (c) (d) 

1 ABN AMRO INCORPORATED Y CBOT 12/31/2004 858,019,387 139,085,497 718,933,890 2 ABN AMRO SAGE CORPORATION Y NFA 12/31/2004 93,860,591 344,189 93,516,402 3 ADM INVESTOR SERVICES INC N CBOT 12/31/2004 91,211,092 27,129,450 64,081,642 4 ADVANTAGE FUTURES LLC N CME 12/31/2004 9,775,496 2,521,104 7,254,392 5 ADVEST INC Y NFA 12/31/2004 49,642,341 1,000,000 48,642,341 6 AG EDWARDS & SONS INC Y CBOT 12/31/2004 729,887,036 45,239,023 684,648,013 7 AIG CLEARING CORPORATION N NYME 12/31/2004 182,469,056 25,191,088 157,277,968 8 ALARON TRADING CORPORATION N CME 12/31/2004 5,357,723 1,500,554 3,857,169 9 ALCO COMMODITIES INC N NFA 12/31/2004 457,740 250,000 207,740 

10 ALPHA FOREIGN EXCHANGE GROUP N NFA 12/31/2004 369,250 250,000 119,250 11 AMERICAN MUTUAL HOLDING CORPORATION N NFA 12/31/2004 670,298 250,000 420,298 12 AMERICAN NATIONAL TRADING CORP N NFA 12/31/2004 1,247,609 441,329 806,280 13 BACERA CORPORATION N NFA 12/30/2004 564,832 250,000 314,832 14 BANC OF AMERICA FUTURES INCORPORATED Y CME 12/31/2004 76,272,275 30,835,059 45,437,216 15 BARCLAYS CAPITAL INC Y NYME 12/31/2004 700,297,041 192,522,798 507,774,243 16 BATTERY ASSET MANAGEMENT LLC N NFA 12/31/2004 348,626 250,000 98,626 17 BEAR STEARNS & CO INC Y NFA 12/31/2004 1,291,611,559 91,749,059 1,199,862,500 18 BEAR STEARNS SECURITIES CORP Y CME 12/31/2004 3,790,802,072 1,253,790,706 2,537,011,366 19 BIELFELDT & COMPANY LLC N CBOT 12/31/2004 389,059 250,000 139,059 20 BNP PARIBAS BROKERAGE SERVICES INC Y CME 12/31/2004 45,073,705 22,414,927 22,658,778 21 BNP PARIBAS COMMODITY FUTURES INC N NYME 12/31/2004 54,223,901 27,925,541 26,298,360 22 BNP PARIBAS SECURITIES CORP Y CBOT 12/31/2004 410,501,128 5,889,964 404,611,164 23 C CZARNIKOW SUGAR FUTURES INC N NFA 12/31/2004 1,580,420 250,000 1,330,420 24 CADENT FINANCIAL SERVICES LLC N CME 12/31/2004 3,163,216 731,681 2,431,535 25 CAL FINANCIAL CORPORATION N NFA 12/31/2004 412,593 250,000 162,593 26 CALYON FINANCIAL INC Y CME 12/31/2004 298,694,274 251,717,903 46,976,371 27 CANTOR FITZGERALD & CO Y CBOT 12/31/2004 121,491,227 5,358,996 116,132,231 28 CAPITAL MARKET SERVICES LLC N NFA 12/31/2004 3,540,652 250,000 3,290,652 29 CARGILL INVESTOR SERVICES INC N CBOT 12/31/2004 96,482,208 80,612,531 15,869,677 30 CDC SECURITIES INC. Y NFA 12/31/2004 77,458,625 250,000 77,208,625 31 CIBC WORLD MARKETS CORP Y CME 12/31/2004 665,382,573 62,157,563 603,225,010 32 CITIGROUP GLOBAL MARKETS INC Y CBOT 12/31/2004 4,487,748,440 609,232,603 3,878,515,837 33 CLIFDEN FUTURES LLC N NFA 12/31/2004 779,766 485,951 293,815 34 CLIFF LARSON COMPANY THE N NFA 12/30/2004 457,907 250,000 207,907 35 CMC GROUP PLC N NFA 12/31/2004 13,106,866 250,000 12,856,866 36 COESfx CLEARING INC N NFA 12/31/2004 619,843 250,000 369,843 37 COMTRUST INC N NFA 12/31/2004 479,039 250,000 229,039 38 COUNTRY HEDGING INC N NFA 12/31/2004 15,031,257 1,646,605 13,384,652 39 CREDIT SUISSE FIRST BOSTON LLC Y CBOT 12/31/2004 3,200,338,669 177,878,612 3,022,460,057 40 CRESSWELL CAPITAL LLC N NFA 12/31/2004 976,258 250,000 726,258 41 CROSSLAND LLC N CBOT 12/31/2004 2,918,115 250,000 2,668,115 42 CUNNINGHAM COMMODITIES INC N CBOT 12/31/2004 1,879,240 318,130 1,561,110 43 DAIWA SECURITIES AMERICA INC Y CME 12/31/2004 176,742,923 4,841,975 171,900,948 44 DAVID A NOYES & CO Y NFA 12/31/2004 2,188,730 605,000 1,583,730 45 DEUTSCHE BANK SECURITIES INC Y CBOT 12/31/2004 1,743,817,185 218,370,107 1,525,447,078 46 DORMAN TRADING LLC N CME 12/31/2004 4,557,782 250,000 4,307,782 
SELECTED FCM FINANCIAL DATA AS OF 

December 31, 2004

FROM REPORTS FILED BY 

January 31, 2005

B/D? DSRO A/O Adjusted Net Capital Excess 

Futures Commission Merchant Date Net Capital Requirement Net Capital 

(a) (b) (c) (d) 

47 DUNAVANT COMMODITY CORP N NYCE 12/31/2004 16,468,205 659,858 15,808,347 48 EAGLE MARKET MAKERS INC N CBOT 12/31/2004 1,826,579 250,000 1,576,579 49 ED &F MAN COMMODITY ADVISORS INC N NFA 12/31/2004 401,857 250,000 151,857 50 ELECTRONIC BROKERAGE SYSTEMS LLC Y NFA 12/31/2004 2,743,675 250,000 2,493,675 51 ENSKILDA FUTURES LIMITED N CME 12/31/2004 4,182,339 250,000 3,932,339 52 FARR FINANCIAL INC N NFA 12/31/2004 1,299,364 429,277 870,087 53 FC STONE LLC N CME 12/31/2004 16,665,990 9,384,119 7,281,871 54 FCT GROUP LLC N CME 12/31/2004 10,120,971 261,946 9,859,025 55 FIMAT USA INC Y CME 12/31/2004 301,836,401 199,378,950 102,457,451 56 FIRST CAPITOL GROUP LLC N NFA 12/31/2004 3,652,872 2,087,317 1,565,555 57 FORECO CAPITAL INTERNATIONAL LLC N NFA 12/31/2004 293,735 250,000 43,735 58 FOREX CAPITAL MARKETS LLC N NFA 12/31/2004 49,499,088 250,000 49,249,088 59 FORTIS CLEARING CHICAGO LLC N CBOT 12/31/2004 18,270,659 4,685,589 13,585,070 60 FRIEDBERG MERCANTILE GROUP INC N NFA 12/31/2004 1,870,634 250,000 1,620,634 61 FRONTIER FUTURES INC N NFA 12/31/2004 1,018,494 259,622 758,872 62 FUTURES TECH LLC N NFA 12/31/2004 399,288 250,000 149,288 63 FX OPTION 1 INC. N NFA 12/31/2004 492,277 250,000 242,277 64 FX SOLUTIONS LLC N NFA 12/31/2004 1,993,922 250,000 1,743,922 65 FX TRADEBANK N NFA 12/31/2004 505,859 250,000 255,859 66 GAIN CAPITAL GROUP INC N NFA 12/31/2004 15,856,900 250,000 15,606,900 67 GARBAN FUTURES LLC N NFA 12/31/2004 5,163,030 260,496 4,902,534 68 GELBER GROUP LLC N CBOT 12/31/2004 34,224,020 250,000 33,974,020 69 GFS SECURITIES & FUTURES INC N NFA 12/31/2004 1,240,719 250,000 990,719 70 GILDER GAGNON HOWE AND CO LLC Y NFA 12/31/2004 29,168,319 250,000 28,918,319 71 GLOBAL FUTURES & FOREX LTD Y NFA 12/31/2004 10,382,197 5,790,937 4,591,260 72 GLOBAL FUTURES LLC N NFA 12/31/2004 375,966 250,000 125,966 73 GOLDENBERG HEHMEYER & CO Y CBOT 12/31/2004 8,486,722 1,559,138 6,927,584 74 GOLDMAN SACHS & CO Y CBOT 12/31/2004 4,460,682,856 1,125,399,656 3,335,283,200 75 GOLDMANY FINANCE INC N NFA 12/31/2004 265,733 250,000 15,733 76 GREENWICH CAPITAL MARKETS INC Y CBOT 12/31/2004 576,408,000 37,695,214 538,712,786 77 HAGERTY GRAIN CO INC N CBOT 12/31/2004 1,521,252 250,000 1,271,252 78 HORNBLOWER FISCHER & CO Y NFA 12/31/2004 631,343 250,000 381,343 79 HOTSPOT FX INC N NFA 12/31/2004 4,391,796 250,000 4,141,796 80 HSBC SECURITIES USA INC Y CME 12/31/2004 477,381,633 36,567,054 440,814,579 81 IFSCL USA INC N NFA 12/31/2004 820,735 250,000 570,735 82 IFX MARKETS INC N NFA 12/31/2004 733,595 250,000 483,595 83 IG FINANCIAL MARKETS INC. N NFA 12/31/2004 375,000 250,000 125,000 84 INTEGRATED BROKERAGE SERVICES INC N NFA 12/31/2004 1,137,141 250,000 887,141 85 INTERACTIVE BROKERS LLC Y NFA 12/31/2004 124,585,077 8,478,837 116,106,240 86 INTERBANK FX LLC N NFA 12/31/2004 461,225 250,000 211,225 87 INTERNATIONAL COMMODITY CLEARING N NFA 12/31/2004 1,360,647 250,000 1,110,647 88 INVESTEC (US) INCORPORATED Y NFA 12/31/2004 19,843,688 250,000 19,593,688 89 IOWA GRAIN CO N CBOT 12/31/2004 9,998,049 3,976,787 6,021,262 90 ITAU SECURITIES INC Y NFA 12/31/2004 2,584,427 250,000 2,334,427 91 JP MORGAN FUTURES INC N NYME 12/31/2004 888,340,856 419,155,326 469,185,530 92 JULIUS BAER SECURITIES INC Y NFA 12/31/2004 9,363,040 3,647,452 5,715,588 93 KJW LLC N NFA 12/31/2004 748,938 250,000 498,938 
SELECTED FCM FINANCIAL DATA AS OF 

December 31, 2004

FROM REPORTS FILED BY 

January 31, 2005

B/D? DSRO A/O Adjusted Net Capital Excess 

Futures Commission Merchant Date Net Capital Requirement Net Capital 

(a) (b) (c) (d) 

94 KOTTKE ASSOCIATES LLC N CBOT 12/31/2004 10,916,663 250,000 10,666,663 95 LADENBURG THALMANN & CO INC Y NFA 12/31/2004 1,454,782 250,000 1,204,782 96 LBS LIMITED PARTNERSHIP N CBOT 12/31/2004 689,219 250,000 439,219 97 LEADER INVESTMENTS INC Y NFA 12/31/2004 516,500 250,000 266,500 98 LEGG MASON WOOD WALKER INC Y NYME 12/31/2004 375,938,117 25,399,591 350,538,526 99 LEHMAN BROTHERS INC Y CBOT 12/31/2004 2,181,641,000 220,085,460 1,961,555,540 

100 LINN GROUP ( THE ) N NFA 12/31/2004 306,027 250,000 56,027 101 LINSCO/PRIVATE LEDGER CORP Y NFA 12/31/2004 49,194,407 4,710,255 44,484,152 102 LOEB PARTNERS CORPORATION Y NFA 12/31/2004 28,940,688 250,000 28,690,688 103 MAN FINANCIAL INC N CME 12/31/2004 265,963,455 192,515,801 73,447,654 104 MARQUETTE ELECTRONIC BROKERAGE LLC N NFA 12/31/2004 1,947,670 250,000 1,697,670 105 MAXCOR FINANCIAL INC Y NFA 12/31/2004 37,420,932 250,000 37,170,932 106 MBF CLEARING CORP N NYME 12/31/2004 7,583,417 1,177,173 6,406,244 107 MBT TECHNOLOGIES LLC N NFA 12/31/2004 650,992 250,000 400,992 108 MCVEAN TRADING AND INVESTMENTS LLC N NFA 12/31/2004 8,201,633 1,931,901 6,269,732 109 MERRILL LYNCH PIERCE FENNER & SMITH Y CBOT 11/26/2004 2,363,376,722 395,957,707 1,967,419,015 110 MERRILL LYNCH PROFESSIONAL CLEARING CORP Y NFA 11/26/2004 602,338,678 41,133,545 561,205,133 111 MID-CO COMMODITIES INC N NFA 12/31/2004 3,929,773 556,828 3,372,945 112 MITSUI & CO INVESTMENT PRODUTS CORP N NFA 12/31/2004 748,973 250,000 498,973 113 MIZUHO SECURITIES USA INC Y CME 12/31/2004 130,994,997 12,610,587 118,384,410 114 MONEY GARDEN CORP N NFA 12/31/2004 3,598,092 250,000 3,348,092 115 MORGAN KEEGAN & COMPANY INC Y NFA 12/31/2004 299,207,112 11,395,278 287,811,834 116 MORGAN STANLEY & CO INCORPORATED Y CME 12/31/2004 3,236,738,730 904,273,413 2,332,465,317 117 MORGAN STANLEY DW INC Y CBOT 12/31/2004 1,139,734,049 91,646,766 1,048,087,283 118 NEUBERGER BERMAN LLC Y NFA 12/31/2004 249,867,912 17,779,111 232,088,801 119 NIKKO SECURITIES CO INTERNATIONAL INC Y NFA 12/31/2004 17,087,366 250,000 16,837,366 120 NOMURA SECURITIES INTERNATIONAL INC Y CBOT 12/31/2004 532,196,420 19,166,224 513,030,196 121 OANDA CORPORATION N NFA 12/31/2004 13,353,718 250,000 13,103,718 122 OCONNOR & COMPANY LLC Y CBOT 12/31/2004 42,831,672 2,500,000 40,331,672 123 ODL SECURITIES INC N NFA 12/31/2004 389,976 250,000 139,976 124 OMEGA RESEARCH CORPORATION Y NFA 12/31/2004 892,159 250,000 642,159 125 OPEN E CRY LLC N NFA 12/31/2004 760,544 308,368 452,176 126 OPPENHEIMER & CO INC Y NFA 12/31/2004 201,002,326 20,538,225 180,464,102 127 PATTERSON CAPITAL MARKETS LTD N CBOT 12/31/2004 537,032 250,000 287,032 128 PAX CLEARING CORPORATION Y CME 12/31/2004 46,146,166 4,137,690 42,008,476 129 PENSON FINANCIAL FUTURES INC N NFA 12/31/2004 524,703 250,000 274,703 130 PEREGRINE FINANCIAL GROUP INC N NFA 12/31/2004 9,032,591 4,436,052 4,596,539 131 PERSHING LLC Y NFA 12/31/2004 1,008,696,000 165,698,400 842,997,600 132 PIONEER FUTURES INC N NYME 12/31/2004 819,710 250,000 569,710 133 PIPER JAFFRAY CO. Y NFA 12/31/2004 280,305,712 11,390,993 268,914,719 134 PREFERRED TRADE INC Y NFA 12/31/2004 7,801,599 1,140,242 6,661,357 135 PRUDENTIAL FINANCIAL DERIVATIVES LLC N CBOT 12/31/2004 83,314,000 62,698,280 20,615,720 136 QIX FUTURES INC N NFA 12/31/2004 484,484 250,000 234,484 137 QUALIFIED LEVERAGE PROVIDERS INC. N NFA 12/31/2004 3,236,409 250,000 2,986,409 138 RAND FINANCIAL SERVICES INC N CME 12/31/2004 16,303,800 7,459,109 8,844,691 139 RAYMOND JAMES & ASSOCIATES INC Y NFA 12/31/2004 357,942,301 26,018,286 331,924,015 140 RBC CAPITAL MARKETS CORPORATION Y CME 12/31/2004 180,473,965 35,085,327 145,388,638 
SELECTED FCM FINANCIAL DATA AS OF 

December 31, 2004

FROM REPORTS FILED BY 

January 31, 2005

B/D? DSRO A/O Adjusted Net Capital Excess 

Futures Commission Merchant Date Net Capital Requirement Net Capital 

(a) (b) (c) (d) 

141 RBC DAIN RAUSCHER INC Y NFA 12/31/2004 385,661,331 32,022,967 353,638,364 142 REDSKY SECURITIES LLC Y NFA 12/31/2004 1,063,749 250,000 813,749 143 REFCO LLC N CME 12/31/2004 252,542,664 152,085,996 100,456,668 144 RJ OBRIEN ASSOCIATES INC N CME 12/31/2004 58,179,914 45,764,193 12,415,721 145 ROBBINS FUTURES INC N NFA 12/31/2004 430,972 250,000 180,972 146 ROBECO USA LLC Y NFA 12/31/2004 45,532,287 1,500,000 44,032,287 147 ROSENTHAL COLLINS GROUP LLC N CME 12/31/2004 28,127,503 9,124,108 19,003,395 148 ROSENTHAL GLOBAL SECURITIES LLC Y CBOT 12/31/2004 13,539,218 1,037,425 12,501,793 149 SAFEGUARD FINANCIAL HOLDINGS, LLC N NFA 12/31/2004 1,403,531 250,000 1,153,531 150 SANFORD C BERNSTEIN & CO LLC Y NFA 12/31/2004 159,525,901 19,292,651 140,233,250 151 SENTINEL MANAGEMENT GROUP INC N NFA 12/31/2004 831,251 250,000 581,251 152 SHATKIN ARBOR INC N CBOT 12/31/2004 2,749,314 250,000 2,499,314 153 SHAY GRAIN CLEARING COMPANY N KCBT 12/31/2004 765,211 250,000 515,211 154 SHEPARD INTERNATIONAL INC N NFA 12/31/2004 1,480,822 250,000 1,230,822 155 SHERWOOD FUTURES GROUP LLC N NFA 12/31/2004 512,285 250,000 262,285 156 SMW TRADING COMPANY INC N CME 12/31/2004 7,923,634 305,788 7,617,846 157 SNC INVESTMENTS INC N NFA 12/31/2004 287,691 250,000 37,691 158 SOLID GOLD FINANCIAL SERVICES INC N NFA 12/31/2004 395,092 250,000 145,092 159 SPEAR LEEDS & KELLOG Y CME 12/31/2004 1,025,301,861 48,044,334 977,257,527 160 SPENCER FINANCIAL LLC N NFA 12/31/2004 285,543 250,000 35,543 161 STEPHENS INC Y NFA 12/31/2004 62,811,850 14,195,684 48,616,166 162 STERLING COMMODITIES CORP N NYME 12/31/2004 6,135,646 267,386 5,868,260 163 STILLPOINT WEALTH MANAGEMENT LLC Y NFA 12/31/2004 313,100 250,000 63,100 164 SWISS AMERICAN SECURITIES INC Y NFA 12/31/2004 87,215,940 4,247,981 82,967,959 165 TCA FUTURES LLC N NFA 12/01/2004 387,065 250,000 137,065 166 TENCO INC N CBOT 12/31/2004 22,838,329 2,421,535 20,416,794 167 TERRA NOVA TRADING LLC Y NFA 12/31/2004 7,388,561 1,530,137 5,858,424 168 TIMBER HILL LLC Y CME 12/31/2004 487,623,095 3,553,815 484,069,280 169 TOKYO-MITSUBISHI FUTURES USA INC N CME 12/31/2004 15,563,026 1,022,324 14,540,702 170 TOWER RESEARCH CAPITAL EUROPE LLC N NFA 12/31/2004 1,346,982 250,000 1,096,982 171 TRADELINK LLC Y CBOT 12/31/2004 12,528,070 729,265 11,798,805 172 TRADESTATION SECURITIES INC Y NFA 12/31/2004 23,584,135 1,743,785 21,840,350 173 TRADITION SECURITIES AND FUTURES INC N NFA 12/31/2004 378,198 250,000 128,198 174 TRANSMARKET GROUP LLC Y CBOT 12/31/2004 11,537,411 250,000 11,287,411 175 TRILAND USA INC N NYME 12/31/2004 21,547,757 4,941,110 16,606,647 176 UBS FINANCIAL SERVICES INC Y CBOT 12/31/2004 1,295,824,957 200,290,421 1,095,534,536 177 UBS SECURITIES LLC Y CBOT 12/31/2004 3,883,065,997 400,010,609 3,483,055,388 178 UFJ FUTURES LLC N CME 12/31/2004 19,883,168 1,359,304 18,523,864 179 UNIVERSAL FINANCIAL HOLDING CORP N NFA 12/31/2004 449,108 250,000 199,108 180 VELOCITY FUTURES LP N NFA 12/31/2004 1,804,953 300,255 1,504,698 181 VIEWTRADE SECURITIES INC Y NFA 12/31/2004 1,131,588 656,500 475,088 182 VISION LIMITED PARTNERSHIP N NFA 12/31/2004 14,410,174 7,175,286 7,234,888 183 WACHOVIA CAPITAL MARKETS LLC Y NFA 12/31/2004 1,124,216,199 4,173,905 1,120,042,295 184 WACHOVIA SECURITIES FINANCIAL NETWORK LL Y NFA 12/31/2004 18,326,156 1,435,223 16,890,933 185 WACHOVIA SECURITIES LLC Y NFA 12/31/2004 223,360,000 6,159,040 217,200,960 186 WALL STREET DERIVATIVES INC N NFA 12/31/2004 439,089 250,000 189,089 187 WHITE COMMERCIAL CORPORATION N NFA 12/31/2004 1,974,708 250,000 1,724,708 
SELECTED FCM FINANCIAL DATA AS OF 

December 31, 2004

FROM REPORTS FILED BY 

January 31, 2005

B/D? DSRO A/O Adjusted Net Capital Excess 

Futures Commission Merchant Date Net Capital Requirement Net Capital 

(a) (b) (c) (d) 

188 WORLDWIDE CLEARING N NFA 12/31/2004 461,269 250,000 211,269 189 XPRESSTRADE LLC N NFA 12/31/2004 3,975,393 250,000 3,725,393 190 YORK BUSINESS ASSOCIATES LLC N CBOT 12/31/2004 1,426,886 250,000 1,176,886 

Total 49,577,496,515  November Web Page Update 188AdditionsComtrust Inc 5FX Option 1 IncInterbank FX LLCAlpha Foreign Exchange GroupODL Securities IncDeletionsBlaylock & Partners L. P. 3Commerz Futures LLCResource Trading & Brokerage LLC ( Firm is in the process of de-registering )December Web Page Update 190Name ChangeGFS Securities & Futures Inc changed their name to GFS Forex & Futures Inc (a): B/D? : A 'Y' means the FCM is also registered with the Securities and Exchange Commission as a securities broker or dealer. (b): DSRO: Designated Self-Regulatory Organization. (c): A firm's net capital requirement is the greater of (1) $250,000; or(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 (currently NFA is the only such association);(4) for securities brokers and dealers, the amount of net capital required by

Rule 15c3-1(a) of the Securities and Exchange Commission.(d): Excess net capital is adjusted net capital, less the firm's net capital requirement.
SELECTED FCM FINANCIAL DATA AS OF 

December 31, 2004

FROM REPORTS FILED BY 

January 31, 2005

B/D? DSRO A/O Adjusted Net Capital Excess 

Futures Commission Merchant Date Net Capital Requirement Net Capital 

(a) (b) (c) (d) 

(e): This represents the total amount of funds that an FCM is required to segregate on behalf of customers who are trading on a designated contracmarket or derivatives transaction execution facility. This is the sum of all accounts that contain a net liquidating equity.(f): This represents the amount of funds an FCM is required to set aside for customers who trade on commodity exchanges located outside of vthe United States. Note: Any comments regarding information contained in this table may be brought to the attention of the CFTC's Division of Clearing and Intermediary Oversight via e-mail: fzimmerle@cftc.gov; s_williams@cftc.gov or sgreska@cftc.gov.