SELECTED FCM FINANCIAL DATA AS OF 

May 31, 2005

FROM REPORTS FILED BY 

June 30, 2005

B/D? DSRO A/O Adjusted Net Capital Excess Customers' C

Futures Commission Merchant Date Net Capital Requirement Net Capital Seg Required 

4d(a)(2) Pt. 

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

1 ABN AMRO INCORPORATED Y CBOT 05/31/2005 466,214,661 157,229,524 308,985,137 2,017,967,987 2 ABN AMRO SAGE CORPORATION Y NFA 05/31/2005 93,845,568 250,020 93,595,548 5,725,288 3 ADM INVESTOR SERVICES INC N CBOT 05/31/2005 106,324,026 32,110,923 74,213,103 804,566,966 4 ADVANTAGE FUTURES LLC N CME 05/31/2005 9,136,599 1,726,650 7,409,949 68,230,468 5 ADVEST INC Y NFA 05/31/2005 50,793,906 1,000,000 49,793,906 0 6 AG EDWARDS & SONS INC Y CBOT 05/31/2005 644,407,066 47,341,624 597,065,442 161,312,208 7 AIG CLEARING CORPORATION N NYME 05/31/2005 182,187,627 21,054,674 161,132,953 1,581,128 8 ALARON TRADING CORPORATION N CME 05/31/2005 4,629,974 2,309,044 2,320,930 112,173,375 9 ALPHA FOREIGN EXCHANGE GROUP LLC N NFA 05/31/2005 369,250 250,000 119,250 0 

10 AMERICAN MUTUAL HOLDING CORPORATION N NFA 05/31/2005 591,145 250,000 341,145 126,433 11 AMERICAN NATIONAL TRADING CORP N NFA 05/31/2005 1,200,060 487,323 712,737 20,900,921 12 BACERA CORPORATION N NFA 05/31/2005 214,622 250,000 -35,378 0 13 BANC OF AMERICA FUTURES INCORPORATED Y CME 05/31/2005 82,034,072 55,020,456 27,013,616 421,957,778 14 BARCLAYS CAPITAL INC Y NYME 05/31/2005 646,299,720 216,831,936 429,467,784 2,277,867,738 15 BATTERY ASSET MANAGEMENT LLC N NFA 05/31/2005 1,112,750 250,000 862,750 0 16 BEAR STEARNS & CO INC Y NFA 05/31/2005 1,248,803,594 83,412,733 1,165,390,861 0 17 BEAR STEARNS SECURITIES CORP Y CME 05/31/2005 4,083,449,285 1,264,977,953 2,818,471,332 2,615,640,250 18 BIELFELDT & COMPANY LLC N CBOT 05/31/2005 400,035 250,000 150,035 0 19 BNP PARIBAS COMMODITY FUTURES INC N NYME 05/31/2005 78,350,111 31,460,713 46,889,398 440,646,364 20 BNP PARIBAS SECURITIES CORP Y CBOT 05/31/2005 371,790,214 23,365,483 348,424,731 101,657,288 21 C CZARNIKOW SUGAR FUTURES INC N NFA 05/31/2005 1,644,869 250,000 1,394,869 1,474,216 22 CADENT FINANCIAL SERVICES LLC N CME 05/31/2005 3,803,231 788,906 3,014,325 40,575,772 23 CAL FINANCIAL CORPORATION N NFA 05/31/2005 411,255 250,000 161,255 0 24 CALYON FINANCIAL INC Y CME 05/31/2005 331,185,063 233,938,924 97,246,139 4,729,875,247 25 CANTOR FITZGERALD & CO Y CBOT 05/31/2005 84,883,202 5,617,174 79,266,028 36,563,858 26 CAPITAL MARKET SERVICES LLC N NFA 05/31/2005 1,926,177 250,000 1,676,177 0 27 CARGILL INVESTOR SERVICES INC N CBOT 05/31/2005 96,968,323 71,178,440 25,789,883 1,318,599,992 28 CIBC WORLD MARKETS CORP Y CME 05/31/2005 678,349,448 35,869,164 642,480,284 0 29 CITIGROUP GLOBAL MARKETS INC Y CBOT 05/31/2005 3,582,613,757 587,473,921 2,995,139,836 7,547,061,459 30 CLIFDEN FUTURES LLC N NFA 05/31/2005 920,423 250,000 670,423 6,080,399 31 CLIFF LARSON COMPANY THE N NFA 05/31/2005 378,643 250,000 128,643 1,288,829 32 CMC GROUP PLC N NFA 05/31/2005 10,733,766 250,000 10,483,766 19,106 33 COESfx CLEARING INC N NFA 05/31/2005 526,548 250,000 276,548 0 34 COMTRUST INC N NFA 05/31/2005 870,839 559,453 311,386 11,121,397 35 COUNTRY HEDGING INC N NFA 05/31/2005 12,654,706 2,852,051 9,802,655 32,770,590 36 CREDIT SUISSE FIRST BOSTON LLC Y CBOT 05/31/2005 2,258,547,765 172,923,405 2,085,624,360 2,020,476,999 37 CRESSWELL CAPITAL LLC N NFA 05/31/2005 1,050,147 250,000 800,147 9,648,038 38 CROSSLAND LLC N CBOT 05/31/2005 2,745,382 250,000 2,495,382 6,814,857 39 CUNNINGHAM COMMODITIES INC N CBOT 05/31/2005 2,183,941 339,324 1,844,617 13,377,110 40 DAIWA SECURITIES AMERICA INC Y CME 05/31/2005 191,719,223 402,715 191,316,508 5,652,781 41 DAVID A NOYES & CO Y NFA 05/31/2005 2,009,265 635,500 1,373,765 0 42 DEUTSCHE BANK SECURITIES INC Y CBOT 05/31/2005 3,199,009,462 229,805,367 2,969,204,095 1,591,095,175 43 DIRECT FOREX LLC N NFA 05/31/2005 677,832 250,000 427,832 0 44 DORMAN TRADING LLC N CME 05/31/2005 4,086,509 493,113 3,593,396 21,678,191 45 DUNAVANT COMMODITY CORP N NYCE 05/31/2005 22,971,897 703,842 22,268,055 14,367,146 46 EAGLE MARKET MAKERS INC N CBOT 05/31/2005 1,843,412 250,000 1,593,412 3,090,827 47 ED &F MAN COMMODITY ADVISORS INC N NFA 05/31/2005 431,634 250,000 181,634 0 48 ELECTRONIC BROKERAGE SYSTEMS LLC Y NFA 05/31/2005 2,786,300 250,000 2,536,300 0 
SELECTED FCM FINANCIAL DATA AS OF 

May 31, 2005

FROM REPORTS FILED BY 

June 30, 2005

B/D? DSRO A/O Adjusted Net Capital Excess Customers' C

Futures Commission Merchant Date Net Capital Requirement Net Capital Seg Required 

4d(a)(2) Pt. 

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

49 ENSKILDA FUTURES LIMITED N CME 05/31/2005 11,602,947 6,352,231 5,250,716 137,247,843 50 FARR FINANCIAL INC N NFA 05/31/2005 1,422,783 708,295 714,488 29,577,689 51 FC STONE LLC N CME 05/31/2005 18,202,287 12,363,585 5,838,702 395,150,901 52 FCT GROUP LLC N CME 05/31/2005 9,660,692 392,121 9,268,571 4,859,538 53 FIMAT USA LLC Y CME 05/31/2005 354,107,962 233,936,661 120,171,301 4,352,380,154 54 FIRST CAPITOL GROUP LLC N NFA 05/31/2005 3,745,977 1,525,032 2,220,945 54,379,772 55 FOREFRONT INVESTMENTS CORPORATION N NFA 05/31/2005 494,634 250,000 244,634 0 56 FOREX CAPITAL MARKETS LLC N NFA 05/31/2005 26,166,592 250,000 25,916,592 0 57 FOREX INTERNATIONAL INVESTMENTS INC N NFA 05/31/2005 697,946 250,000 447,946 0 58 FORTIS CLEARING CHICAGO LLC N CBOT 05/31/2005 19,438,350 4,410,121 15,028,229 171,741,527 59 FRIEDBERG MERCANTILE GROUP INC N NFA 05/31/2005 1,825,924 250,000 1,575,924 4,276,958 60 FRONTIER FUTURES INC N NFA 05/31/2005 1,178,288 395,607 782,681 16,765,718 61 FUTURES TECH LLC N NFA 05/31/2005 441,626 250,000 191,626 0 62 FX OPTION1 INC N NFA 05/31/2005 492,077 250,000 242,077 0 63 FX SOLUTIONS LLC N NFA 05/31/2005 3,257,402 250,000 3,007,402 0 64 FX TRADING LLC N NFA 05/31/2005 423,705 250,000 173,705 0 65 GAIN CAPITAL GROUP INC N NFA 05/31/2005 17,028,242 250,000 16,778,242 0 66 GARBAN FUTURES LLC N CME 05/31/2005 5,313,233 367,218 4,946,015 4,573,524 67 GELBER GROUP LLC N CBOT 05/31/2005 31,000,811 250,000 30,750,811 27,587,269 68 GFS FOREX & FUTURES INC N NFA 05/31/2005 1,034,546 250,000 784,546 0 69 GILDER GAGNON HOWE AND CO LLC Y NFA 05/31/2005 23,890,157 250,000 23,640,157 0 70 GLOBAL FUTURES & FOREX LIMITED Y CFTC 05/31/2005 13,039,917 3,709,519 9,330,398 0 71 GLOBAL FUTURES LLC N NFA 05/31/2005 0 250,000 -250,000 0 72 GOLDENBERG HEHMEYER & CO Y CBOT 05/31/2005 6,399,680 3,092,516 3,307,164 99,610,464 73 GOLDMAN SACHS & CO Y CBOT 05/27/2005 (g) 1,224,530,374 (g) 9,699,264,375 574 GOLDMAN SACHS EXECUTION & CLEARING LP Y CME 05/27/2005 1,176,903,991 35,333,218 1,141,570,773 487,934,216 75 GOLDMANY FINANCE INC N NFA 05/31/2005 339,237 250,000 89,237 0 76 GREENWICH CAPITAL MARKETS INC Y CBOT 05/31/2005 685,679,000 46,743,000 638,936,000 476,236,000 77 HAGERTY GRAIN CO INC N CBOT 05/31/2005 1,676,811 250,000 1,426,811 5,691,363 78 HORNBLOWER FISCHER & CO Y NFA 05/31/2005 596,638 250,000 346,638 767,188 79 HOTSPOT FX INC N NFA 05/01/2005 6,760,832 250,000 6,510,832 0 80 HOTSPOT FXR LLC N NFA 05/31/2005 449,375 250,000 199,375 0 81 HSBC SECURITIES USA INC Y CME 05/31/2005 769,464,986 85,290,640 684,174,346 554,281,724 82 IFSCL USA INC N NFA 05/31/2005 1,064,413 250,000 814,413 3,564,062 83 IFX MARKETS INC N NFA 05/31/2005 2,620,252 250,000 2,370,252 0 84 IG FINANCIAL MARKETS INC. N NFA 05/31/2005 395,697 250,000 145,697 0 85 INTEGRATED BROKERAGE SERVICES LLC N NFA 05/31/2005 1,205,320 250,000 955,320 2,257,097 86 INTERACTIVE BROKERS LLC Y NFA 05/31/2005 141,946,306 9,883,201 132,063,105 88,614,570 87 INTERBANK FX LLC N NFA 05/31/2005 1,039,526 250,000 789,526 0 88 INTERNATIONAL COMMODITY CLEARING N NFA 05/31/2005 1,253,466 250,000 1,003,466 10,027,858 89 INVESTEC (US) INCORPORATED Y NFA 05/27/2005 18,369,898 610,780 17,759,118 0 90 IOWA GRAIN CO N CBOT 05/31/2005 8,211,307 5,054,753 3,156,554 122,462,577 91 ITAU SECURITIES INC Y NFA 05/31/2005 18,817,054 250,000 18,567,054 0 92 IXIS SECURITIES NORTH AMERICA INC Y NFA 05/31/2005 76,214,358 250,000 75,964,358 0 93 JP MORGAN FUTURES INC N NYME 05/31/2005 923,840,380 410,980,081 512,860,299 6,666,638,121 94 KJW LLC N NFA 05/31/2005 3,330,247 250,000 3,080,247 0 95 KOTTKE ASSOCIATES LLC N CBOT 05/31/2005 14,128,187 422,076 13,706,111 52,077,610 96 LADENBURG THALMANN & CO INC Y NFA 05/31/2005 1,993,552 250,000 1,743,552 0 97 LBS LIMITED PARTNERSHIP N CBOT 05/31/2005 501,180 250,000 251,180 0 
SELECTED FCM FINANCIAL DATA AS OF 

May 31, 2005

FROM REPORTS FILED BY 

June 30, 2005

B/D? DSRO A/O Adjusted Net Capital Excess Customers' C

Futures Commission Merchant Date Net Capital Requirement Net Capital Seg Required 

4d(a)(2) Pt. 

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

98 LEADER INVESTMENTS INC Y NFA 05/31/2005 486,133 250,000 236,133 0 99 LEGG MASON WOOD WALKER INC Y NYME 05/31/2005 383,069,836 22,381,273 360,688,563 0 

100 LEHMAN BROTHERS INC Y CBOT 05/31/2005 2,452,798,000 221,571,300 2,231,226,700 2,923,682,000 101 LINN GROUP ( THE ) N NFA 05/31/2005 330,573 250,000 80,573 0 102 LINSCO/PRIVATE LEDGER CORP Y NFA 05/31/2005 56,542,208 5,118,316 51,423,892 0 103 LOEB PARTNERS CORPORATION Y NFA 05/31/2005 30,827,725 250,000 30,577,725 0 104 MAN FINANCIAL INC N CME 05/31/2005 282,956,617 213,807,764 69,148,853 4,060,849,478 105 MARQUETTE ELECTRONIC BROKERAGE LLC N NFA 05/31/2005 1,258,773 250,000 1,008,773 0 106 MAXCOR FINANCIAL INC Y NFA 05/31/2005 27,596,236 250,000 27,346,236 0 107 MBF CLEARING CORP N NYME 05/31/2005 8,755,286 2,077,507 6,677,779 117,799,800 108 MBT TECHNOLOGIES LLC N NFA 05/31/2005 611,687 250,000 361,687 0 109 MCVEAN TRADING AND INVESTMENTS LLC N NFA 05/31/2005 6,409,034 1,462,957 4,946,077 347,560,280 110 MERRILL LYNCH PIERCE FENNER & SMITH Y CBOT 06/03/2005 (g) 511,845,526 (g) 5,550,586,218 111 MERRILL LYNCH PROFESSIONAL CLEARING CORP Y NFA 06/03/2005 577,339,820 27,716,633 549,623,187 456,650,224 112 MID-CO COMMODITIES INC N NFA 05/31/2005 4,088,182 1,004,698 3,083,484 12,038,179 113 MITSUI BUSSAN COMMODITIES USA INC N NFA 05/31/2005 756,737 250,000 506,737 0 114 MIZUHO SECURITIES USA INC Y CME 05/31/2005 137,314,643 11,277,142 126,037,501 253,301,400 115 MONEY GARDEN CORP N NFA 05/31/2005 3,662,530 250,000 3,412,530 0 116 MORGAN KEEGAN & COMPANY INC Y NFA 05/31/2005 310,221,974 12,472,107 297,749,867 0 117 MORGAN STANLEY & CO INCORPORATED Y CME 05/31/2005 3,688,796,857 686,839,082 3,001,957,775 2,745,325,575 118 MORGAN STANLEY DW INC Y CBOT 05/31/2005 1,325,651,521 89,314,261 1,236,337,260 1,073,187,680 2119 NEUBERGER BERMAN LLC Y NFA 05/31/2005 285,231,560 17,623,130 267,608,430 16,699,019 120 NIKKO ALTERNATIVE ASSET MANAGEMENT INC Y NFA 05/31/2005 17,181,073 250,000 16,931,073 0 121 NOMURA SECURITIES INTERNATIONAL INC Y CBOT 05/31/2005 357,707,185 10,281,791 347,425,394 2,932,907 122 OANDA CORPORATION N NFA 05/31/2005 17,248,567 250,000 16,998,567 0 123 OCONNOR & COMPANY LLC Y CBOT 05/31/2005 37,029,189 4,269,433 32,759,756 119,668,260 124 ODL SECURITIES INC N NFA 05/31/2005 394,223 250,000 144,223 0 125 OMEGA RESEARCH CORPORATION Y NFA 05/31/2005 897,941 250,000 647,941 0 126 OPEN E CRY LLC N NFA 05/31/2005 854,474 482,603 371,871 16,223,014 127 OPPENHEIMER & CO INC Y NFA 05/31/2005 204,287,072 26,641,116 177,645,956 15,134,900 128 PATTERSON CAPITAL MARKETS LTD N CBOT 05/31/2005 543,677 250,000 293,677 0 129 PENSON FINANCIAL FUTURES INC N NFA 05/31/2005 869,047 261,564 607,483 11,404,749 130 PEREGRINE FINANCIAL GROUP INC N NFA 05/31/2005 5,898,984 3,152,355 2,746,629 149,651,867 131 PIONEER FUTURES INC N NYME 05/31/2005 582,383 250,000 332,383 0 132 PIPER JAFFRAY & CO Y NFA 05/31/2005 280,062,813 11,787,743 268,275,070 0 133 PREFERRED TRADE INC Y NFA 05/31/2005 6,086,541 869,810 5,216,731 446,288 134 PRUDENTIAL FINANCIAL DERIVATIVES LLC N CBOT 05/31/2005 92,088,000 63,190,960 28,897,040 1,197,668,000 135 QUALIFIED LEVERAGE PROVIDERS INC N NFA 05/31/2005 1,547,835 250,000 1,297,835 0 136 RAND FINANCIAL SERVICES INC N CME 05/31/2005 17,199,900 7,585,910 9,613,990 117,233,800 137 RAYMOND JAMES & ASSOCIATES INC Y NFA 05/27/2005 329,218,125 25,723,088 303,495,037 0 138 RBC CAPITAL MARKETS CORPORATION Y CME 05/31/2005 201,020,905 30,804,790 170,216,115 0 139 RBC DAIN RAUSCHER INC Y NFA 05/31/2005 292,019,848 33,677,535 258,342,313 0 140 REDSKY FINANCIAL LLC Y NFA 05/31/2005 829,030 250,000 579,030 0 
SELECTED FCM FINANCIAL DATA AS OF 

May 31, 2005

FROM REPORTS FILED BY 

June 30, 2005

B/D? DSRO A/O Adjusted Net Capital Excess Customers' C

Futures Commission Merchant Date Net Capital Requirement Net Capital Seg Required 

4d(a)(2) Pt. 

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

141 REFCO LLC N CME 05/31/2005 354,518,630 186,819,750 167,698,880 4,139,272,385 142 RJ OBRIEN ASSOCIATES INC N CME 05/31/2005 67,378,166 53,583,592 13,794,574 1,234,134,095 143 ROBBINS FUTURES INC N NFA 05/31/2005 450,958 250,000 200,958 7,316,205 144 ROBECO USA LLC Y NFA 05/31/2005 26,241,519 1,500,000 24,741,519 0 145 ROSENTHAL COLLINS GROUP LLC N CME 05/31/2005 35,908,787 8,803,595 27,105,192 356,563,205 146 ROSENTHAL GLOBAL SECURITIES LLC Y CBOT 05/31/2005 10,967,073 494,370 10,472,703 0 147 SANFORD C BERNSTEIN & CO LLC Y NFA 05/31/2005 140,270,357 19,431,442 120,838,915 0 148 SENTINEL MANAGEMENT GROUP INC N NFA 05/31/2005 1,183,380 250,000 933,380 1,079,863,470 149 SHATKIN ARBOR INC N CBOT 05/31/2005 6,869,753 250,000 6,619,753 10,720,776 150 SHAY GRAIN CLEARING COMPANY N KCBT 05/31/2005 873,194 250,000 623,194 3,869,828 151 SHEPARD INTERNATIONAL INC N NFA 05/31/2005 1,633,945 250,000 1,383,945 0 152 SHERWOOD FUTURES GROUP LLC N NFA 05/31/2005 268,744 250,000 18,744 0 153 SMW TRADING COMPANY INC N CME 05/31/2005 10,258,665 323,105 9,935,560 9,460,102 154 SNC INVESTMENTS INC N NFA 05/31/2005 457,500 250,000 207,500 0 155 SOLID GOLD FINANCIAL SERVICES INC N NFA 05/31/2005 522,429 250,000 272,429 0 156 SPENCER FINANCIAL LLC N NFA 05/31/2005 304,735 250,000 54,735 0 157 STEPHENS INC Y NFA 05/27/2005 57,800,405 11,287,309 46,513,096 0 158 STERLING COMMODITIES CORP N NYME 05/31/2005 7,181,135 654,365 6,526,770 35,495,295 159 STILLPOINT WEALTH MANAGEMENT LLC Y NFA 05/31/2005 487,368 250,000 237,368 0 160 SWISS AMERICAN SECURITIES INC Y NFA 05/31/2005 93,680,733 4,927,406 88,753,327 0 161 TCA FUTURES LLC N NFA 05/31/2005 411,048 250,000 161,048 0 162 TENCO INC N CBOT 05/31/2005 24,129,512 3,542,751 20,586,761 72,123,831 163 TERRA NOVA TRADING LLC Y NFA 05/31/2005 4,986,707 1,114,532 3,872,175 0 164 TIMBER HILL LLC Y CME 05/31/2005 567,628,710 5,020,753 562,607,957 69,228,450 165 TOKYO-MITSUBISHI FUTURES USA INC N CME 05/31/2005 16,531,626 1,727,576 14,804,050 0 166 TOWER RESEARCH CAPITAL EUROPE LLC N NFA 05/31/2005 2,508,800 250,000 2,258,800 0 167 TRADELINK LLC Y CBOT 05/31/2005 31,162,089 488,326 30,673,763 0 168 TRADESTATION SECURITIES INC Y NFA 05/31/2005 27,462,412 1,852,865 25,609,547 0 169 TRADITION SECURITIES AND FUTURES INC N NFA 05/31/2005 395,006 250,000 145,006 0 170 TRANSMARKET GROUP LLC Y CBOT 05/31/2005 10,360,275 250,000 10,110,275 0 171 TRILAND USA INC N NYME 05/31/2005 26,507,778 5,730,901 20,776,877 83,795,082 172 UBS FINANCIAL SERVICES INC Y CBOT 05/31/2005 1,707,900,328 205,341,866 1,502,558,462 1,922,579,289 173 UBS SECURITIES LLC Y CBOT 05/31/2005 2,945,020,291 522,331,411 2,422,688,880 5,706,861,123 2174 UFJ FUTURES LLC N CME 05/31/2005 15,889,983 1,434,335 14,455,648 0 175 UNITED CLEARING LLC N NFA 05/31/2005 1,190,510 250,000 940,510 0 176 VELOCITY FUTURES LP N NFA 05/31/2005 842,417 250,000 592,417 22,151,873 177 VIEWTRADE SECURITIES INC Y NFA 05/31/2005 784,047 522,000 262,047 0 178 VISION LIMITED PARTNERSHIP N NFA 05/31/2005 14,902,326 11,049,845 3,852,481 291,762,815 179 WACHOVIA CAPITAL MARKETS LLC Y NFA 05/31/2005 1,306,542,968 3,719,633 1,302,823,335 0 180 WACHOVIA SECURITIES FINANCIAL NETWORK LL Y NFA 05/31/2005 18,244,599 1,453,413 16,791,186 0 181 WACHOVIA SECURITIES LLC Y NFA 05/31/2005 511,310,865 3,385,396 507,925,469 0 182 WALL STREET DERIVATIVES INC N NFA 05/31/2005 376,626 250,000 126,626 0 183 WHITE COMMERCIAL CORPORATION N NFA 05/31/2005 1,868,058 250,000 1,618,058 0 184 WORLDWIDE CLEARING N NFA 05/31/2005 741,146 250,000 491,146 0 185 XPRESSTRADE LLC N NFA 05/31/2005 4,817,583 1,200,629 3,616,954 70,769,850 186 YORK BUSINESS ASSOCIATES LLC N CBOT 05/31/2005 1,543,114 250,000 1,293,114 5,163,564 

Total 84,239,129,175 2
SELECTED FCM FINANCIAL DATA AS OF 

May 31, 2005

FROM REPORTS FILED BY 

June 30, 2005

B/D? DSRO A/O Adjusted Net Capital Excess Customers' C

Futures Commission Merchant Date Net Capital Requirement Net Capital Seg Required 

4d(a)(2) Pt. 

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

April Web Page Update 189Additions 0Deletions 3Alco Commodities IncPax Clearing CorporationSafeguard Financial Holdings LLCName ChangeMay Web Page Update 186(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 totacustomer 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.(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 contract market 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. 
SELECTED FCM FINANCIAL DATA AS OF 

May 31, 2005

FROM REPORTS FILED BY 

June 30, 2005

B/D? DSRO A/O Adjusted Net Capital Excess Customers' C

Futures Commission Merchant Date Net Capital Requirement Net Capital Seg Required 

4d(a)(2) Pt. 

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

(g): This FCM/BD’s ultimate parent company is regulated by the SEC as a consolidated supervised entity. The firm has elected to compute its minimum capital requirement in accordance with the “Alternative Net Capital Requirement” as permitted by Appendix E to SEC Rule 15c3-1. As of May 2005, the firm had net capital in excess of its minimum capital requirements. In addition to the alternative minimum net capital requirements, the firm is required to hold tentative net capital in excess of $1 billion and net capital in excess of $500 million in accordance with the market and credit risk standards of Appendix E of Rule 15c3-1. The firm also is required to notify the Commission and SEC in theevent its tentative net capital is less than $5 billion. As of May 2005, the firm had tentative net capital and net capital in excess of both the minimum and notification requirements. Note: Any comments regarding information contained inthis table may be brought to the attention of the CFTC's Division of Clearing and Intermediary Oversight via email: fzimmerle@cftc.gov; s_williams@cftc.gov or sgreska@cftc.gov.