SELECTED FCM FINANCIAL DATA AS OF 

January 31, 2005

FROM REPORTS FILED BY 

February 28, 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 01/31/2005 838,519,898 135,430,425 703,089,473 2 ABN AMRO SAGE CORPORATION Y NFA 01/31/2005 91,961,835 250,000 91,711,835 3 ADM INVESTOR SERVICES INC N CBOT 01/31/2005 97,446,916 31,221,432 66,225,484 4 ADVANTAGE FUTURES LLC N CME 01/31/2005 9,570,332 2,763,713 6,806,619 5 ADVEST INC Y NFA 01/31/2005 44,532,644 1,000,000 43,532,644 6 AG EDWARDS & SONS INC Y CBOT 01/31/2005 742,797,960 43,850,034 698,947,926 7 AIG CLEARING CORPORATION N NYME 01/31/2005 182,829,108 24,860,916 157,968,192 8 ALARON TRADING CORPORATION N CME 01/31/2005 5,108,448 1,963,133 3,145,315 9 ALCO COMMODITIES INC N NFA 01/31/2005 462,392 250,000 212,392 

10 ALPHA FOREIGN EXCHANGE GROUP LLC N NFA 01/31/2005 369,250 250,000 119,250 11 AMERICAN MUTUAL HOLDING CORPORATION N NFA 01/31/2005 740,295 250,000 490,295 12 AMERICAN NATIONAL TRADING CORP N NFA 01/31/2005 1,191,317 464,861 726,456 13 BACERA CORPORATION N NFA 01/31/2005 706,957 250,000 456,957 14 BANC OF AMERICA FUTURES INCORPORATED Y CME 01/31/2005 75,577,310 37,493,871 38,083,439 15 BARCLAYS CAPITAL INC Y NYME 01/31/2005 570,911,288 204,606,279 366,305,009 16 BATTERY ASSET MANAGEMENT LLC N NFA 01/31/2005 337,285 250,000 87,285 17 BEAR STEARNS & CO INC Y NFA 01/31/2005 1,523,900,269 88,982,715 1,434,917,554 18 BEAR STEARNS SECURITIES CORP Y CME 01/31/2005 3,857,355,820 1,227,172,776 2,630,183,044 19 BIELFELDT & COMPANY LLC N CBOT 01/31/2005 383,217 250,000 133,217 20 BNP PARIBAS COMMODITY FUTURES INC N NYME 01/31/2005 53,579,488 32,658,108 20,921,380 21 BNP PARIBAS SECURITIES CORP Y CBOT 01/31/2005 457,565,366 22,353,165 435,212,201 22 C CZARNIKOW SUGAR FUTURES INC N NFA 01/31/2005 1,494,413 250,000 1,244,413 23 CADENT FINANCIAL SERVICES LLC N CME 01/31/2005 3,929,664 797,678 3,131,986 24 CAL FINANCIAL CORPORATION N NFA 01/31/2005 412,062 250,000 162,062 25 CALYON FINANCIAL INC Y CME 01/31/2005 335,423,287 258,542,460 76,880,827 26 CANTOR FITZGERALD & CO Y CBOT 01/31/2005 107,656,776 3,806,369 103,850,407 27 CAPITAL MARKET SERVICES LLC N NFA 01/31/2005 2,996,276 250,000 2,746,276 28 CARGILL INVESTOR SERVICES INC N CBOT 01/31/2005 89,159,333 70,083,837 19,075,496 29 CIBC WORLD MARKETS CORP Y CME 01/31/2005 740,914,567 37,094,299 703,820,268 30 CITIGROUP GLOBAL MARKETS INC Y CBOT 01/31/2005 3,718,472,236 581,195,398 3,137,276,838 31 CLIFDEN FUTURES LLC N NFA 01/31/2005 759,699 266,602 493,097 32 CLIFF LARSON COMPANY THE N NFA 01/31/2005 437,885 250,000 187,885 33 CMC GROUP PLC N NFA 01/31/2005 30,637,009 250,000 30,387,009 34 COESfx CLEARING INC N NFA 01/31/2005 392,829 250,000 142,829 35 COMTRUST INC N NFA 01/31/2005 472,119 250,000 222,119 36 COUNTRY HEDGING INC N NFA 01/31/2005 10,353,159 1,821,422 8,531,737 37 CREDIT SUISSE FIRST BOSTON LLC Y CBOT 01/31/2005 3,062,937,868 180,769,682 2,882,168,186 38 CRESSWELL CAPITAL LLC N NFA 01/31/2005 1,073,296 355,433 717,863 39 CROSSLAND LLC N CBOT 01/31/2005 2,881,941 251,560 2,630,381 40 CUNNINGHAM COMMODITIES INC N CBOT 01/31/2005 1,706,766 355,798 1,350,968 41 DAIWA SECURITIES AMERICA INC Y CME 01/31/2005 193,858,419 1,709,536 192,148,883 42 DAVID A NOYES & CO Y NFA 01/31/2005 2,213,262 614,500 1,598,762 43 DEUTSCHE BANK SECURITIES INC Y CBOT 01/31/2005 2,094,129,005 290,779,542 1,803,349,463 44 DORMAN TRADING LLC N CME 01/31/2005 4,483,987 271,871 4,212,116 45 DUNAVANT COMMODITY CORP N NYCE 01/31/2005 21,792,966 639,427 21,153,539 46 EAGLE MARKET MAKERS INC N CBOT 01/31/2005 1,796,434 250,000 1,546,434 
SELECTED FCM FINANCIAL DATA AS OF 

January 31, 2005

FROM REPORTS FILED BY 

February 28, 2005

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

Futures Commission Merchant Date Net Capital Requirement Net Capital 

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

47 ED &F MAN COMMODITY ADVISORS INC N NFA 01/31/2005 409,053 250,000 159,053 48 ELECTRONIC BROKERAGE SYSTEMS LLC Y NFA 01/31/2005 2,597,473 250,000 2,347,473 49 ENSKILDA FUTURES LIMITED N CME 01/31/2005 8,049,267 4,935,622 3,113,645 50 FARR FINANCIAL INC N NFA 01/31/2005 1,309,922 520,272 789,650 51 FC STONE LLC N CME 01/31/2005 16,149,662 10,418,595 5,731,067 52 FCT GROUP LLC N CME 01/31/2005 10,088,121 308,814 9,779,307 53 FIMAT USA INC Y CME 01/31/2005 330,747,904 205,710,517 125,037,387 54 FIRST CAPITOL GROUP LLC N NFA 01/31/2005 3,772,031 1,369,269 2,402,762 55 FORECO CAPITAL INTERNATIONAL N NFA 01/31/2005 294,015 250,000 44,015 56 FOREFRONT INVESTMENTS CORPORATION N NFA 01/31/2005 548,806 250,000 298,806 57 FOREX CAPITAL MARKETS LLC N NFA 01/31/2005 47,621,098 250,000 47,371,098 58 FORTIS CLEARING CHICAGO LLC N CBOT 01/31/2005 17,858,534 6,368,472 11,490,062 59 FRIEDBERG MERCANTILE GROUP INC N NFA 01/31/2005 1,870,965 250,000 1,620,965 60 FRONTIER FUTURES INC N NFA 01/31/2005 1,196,644 312,912 883,732 61 FUTURES TECH LLC N NFA 01/31/2005 447,014 250,000 197,014 62 FX OPTION 1 INC. N NFA 01/31/2005 492,277 250,000 242,277 63 FX SOLUTIONS LLC N NFA 01/31/2005 1,879,299 250,000 1,629,299 64 FX TRADEBANK N NFA 01/31/2005 509,508 250,000 259,508 65 GAIN CAPITAL GROUP INC N NFA 01/31/2005 16,225,595 250,000 15,975,595 66 GARBAN FUTURES LLC N NFA 01/31/2005 5,123,788 258,512 4,865,276 67 GELBER GROUP LLC N CBOT 01/31/2005 31,320,432 491,596 30,828,836 68 GFS SECURITIES & FUTURES INC N NFA 01/31/2005 1,241,469 250,000 991,469 69 GILDER GAGNON HOWE AND CO LLC Y NFA 01/31/2005 26,715,064 250,000 26,465,064 70 GLOBAL FUTURES & FOREX LTD Y NFA 01/31/2005 11,241,809 4,260,454 6,981,355 71 GLOBAL FUTURES LLC N NFA 01/31/2005 375,966 250,000 125,966 72 GOLDENBERG HEHMEYER & CO Y CBOT 01/31/2005 4,858,747 1,605,924 3,252,823 73 GOLDMAN SACHS & CO Y CBOT 01/28/2005 4,809,598,237 1,071,456,405 3,738,141,832 74 GOLDMAN SACHS EXECUTION & CLEARING L.P. Y CME 01/28/2005 1,319,610,687 40,903,388 1,278,707,299 75 GOLDMANY FINANCE INC N NFA 01/31/2005 404,944 250,000 154,944 76 GREENWICH CAPITAL MARKETS INC Y CBOT 01/31/2005 548,599,000 46,389,254 502,209,746 77 HAGERTY GRAIN CO INC N CBOT 01/31/2005 1,759,067 250,000 1,509,067 78 HORNBLOWER FISCHER & CO Y NFA 01/31/2005 516,233 250,000 266,233 79 HOTSPOT FX INC N NFA 01/31/2005 4,795,834 250,000 4,545,834 80 HSBC SECURITIES USA INC Y CME 01/31/2005 497,942,259 40,928,860 457,013,399 81 IFSCL USA INC N NFA 01/31/2005 1,019,598 250,000 769,598 82 IFX MARKETS INC N NFA 01/31/2005 1,313,865 250,000 1,063,865 83 IG FINANCIAL MARKETS INC. N NFA 01/31/2005 425,000 250,000 175,000 84 INTEGRATED BROKERAGE SERVICES INC N NFA 01/31/2005 1,183,785 250,000 933,785 85 INTERACTIVE BROKERS LLC Y NFA 01/31/2005 123,438,763 7,789,125 115,649,638 86 INTERBANK FX LLC N NFA 01/31/2005 479,147 250,000 229,147 87 INTERNATIONAL COMMODITY CLEARING N NFA 01/31/2005 1,247,408 250,000 997,408 88 INVESTEC (US) INCORPORATED Y NFA 01/28/2005 18,849,391 250,000 18,599,391 89 IOWA GRAIN CO N CBOT 01/31/2005 10,140,384 4,944,754 5,195,630 90 ITAU SECURITIES INC Y NFA 01/31/2005 2,571,518 250,000 2,321,518 91 IXIS SECURITIES NORTH AMERICA INC. Y NFA 01/31/2005 75,768,921 250,000 75,518,921 92 JP MORGAN FUTURES INC N NYME 01/31/2005 895,341,039 414,856,303 480,484,736 93 KJW LLC N NFA 01/31/2005 686,987 250,000 436,987 
SELECTED FCM FINANCIAL DATA AS OF 

January 31, 2005

FROM REPORTS FILED BY 

February 28, 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 01/31/2005 11,031,773 250,000 10,781,773 95 LADENBURG THALMANN & CO INC Y NFA 01/31/2005 3,647,719 250,000 3,397,719 96 LBS LIMITED PARTNERSHIP N CBOT 01/31/2005 395,183 250,000 145,183 97 LEADER INVESTMENTS INC Y NFA 01/31/2005 463,288 250,000 213,288 98 LEGG MASON WOOD WALKER INC Y NYME 01/31/2005 365,975,403 24,364,905 341,610,498 99 LEHMAN BROTHERS INC Y CBOT 01/31/2005 2,480,428,000 184,170,440 2,296,257,560 

100 LINN GROUP ( THE ) N NFA 01/31/2005 314,417 250,000 64,417 101 LINSCO/PRIVATE LEDGER CORP Y NFA 01/31/2005 50,751,136 4,543,181 46,207,955 102 LOEB PARTNERS CORPORATION Y NFA 01/31/2005 29,363,400 250,000 29,113,400 103 MAN FINANCIAL INC N CME 01/31/2005 298,861,633 187,861,037 111,000,596 104 MARQUETTE ELECTRONIC BROKERAGE LLC N NFA 01/31/2005 2,105,620 250,000 1,855,620 105 MAXCOR FINANCIAL INC Y NFA 01/31/2005 36,330,300 250,000 36,080,300 106 MBF CLEARING CORP N NYME 01/31/2005 7,569,089 1,808,584 5,760,505 107 MBT TECHNOLOGIES LLC N NFA 01/31/2005 645,733 250,000 395,733 108 MCVEAN TRADING AND INVESTMENTS LLC N NFA 01/31/2005 7,217,669 2,001,863 5,215,806 109 MERRILL LYNCH PIERCE FENNER & SMITH Y CBOT 02/04/2005 8,218,339,582 500,000,000 7,718,339,582 110 MERRILL LYNCH PROFESSIONAL CLEARING CORP Y NFA 02/04/2005 668,553,345 46,911,104 621,642,241 111 MID-CO COMMODITIES INC N NFA 01/31/2005 3,933,201 625,155 3,308,046 112 MITSUI BUSSAN COMMODITIES USA INC. N NFA 01/31/2005 808,705 250,000 558,705 113 MIZUHO SECURITIES USA INC Y CME 01/31/2005 150,521,826 13,214,955 137,306,871 114 MONEY GARDEN CORP N NFA 01/31/2005 3,685,617 250,000 3,435,617 115 MORGAN KEEGAN & COMPANY INC Y NFA 01/31/2005 311,260,774 12,861,728 298,399,046 116 MORGAN STANLEY & CO INCORPORATED Y CME 01/31/2005 3,215,425,427 809,898,984 2,405,526,443 117 MORGAN STANLEY DW INC Y CBOT 01/31/2005 1,103,890,585 86,384,765 1,017,505,820 118 NEUBERGER BERMAN LLC Y NFA 01/31/2005 250,327,147 16,505,877 233,821,270 119 NIKKO SECURITIES CO INTERNATIONAL INC Y NFA 01/31/2005 14,033,123 250,000 13,783,123 120 NOMURA SECURITIES INTERNATIONAL INC Y CBOT 01/31/2005 736,182,045 6,336,577 729,845,468 121 OANDA CORPORATION N NFA 01/31/2005 14,863,918 250,000 14,613,918 122 OCONNOR & COMPANY LLC Y CBOT 01/31/2005 41,066,961 3,610,078 37,456,883 123 ODL SECURITIES INC N NFA 01/31/2005 389,976 250,000 139,976 124 OMEGA RESEARCH CORPORATION Y NFA 01/31/2005 892,631 250,000 642,631 125 OPEN E CRY LLC N NFA 01/31/2005 672,508 350,856 321,652 126 OPPENHEIMER & CO INC Y NFA 01/31/2005 204,781,990 21,001,074 183,780,916 127 PATTERSON CAPITAL MARKETS LTD N CBOT 01/31/2005 536,515 250,000 286,515 128 PAX CLEARING CORPORATION Y CME 01/31/2005 74,095,122 4,665,070 69,430,052 129 PENSON FINANCIAL FUTURES INC N NFA 01/31/2005 751,610 402,020 349,590 130 PEREGRINE FINANCIAL GROUP INC N NFA 01/31/2005 8,541,097 3,797,398 4,743,699 131 PIONEER FUTURES INC N NYME 01/31/2005 848,029 250,000 598,029 132 PIPER JAFFRAY CO. Y NFA 01/31/2005 298,557,107 11,373,706 287,183,401 133 PREFERRED TRADE INC Y NFA 01/31/2005 7,988,487 867,603 7,120,884 134 PRUDENTIAL FINANCIAL DERIVATIVES LLC N CBOT 01/31/2005 86,174,000 63,816,760 22,357,240 135 QUALIFIED LEVERAGE PROVIDERS INC. N NFA 01/31/2005 3,615,247 250,000 3,365,247 136 RAND FINANCIAL SERVICES INC N CME 01/31/2005 16,184,700 8,225,971 7,958,729 137 RAYMOND JAMES & ASSOCIATES INC Y NFA 01/28/2005 349,790,870 25,163,280 324,627,590 138 RBC CAPITAL MARKETS CORPORATION Y CME 01/31/2005 192,570,318 34,428,748 158,141,570 139 RBC DAIN RAUSCHER INC Y NFA 01/31/2005 362,082,512 35,055,284 327,027,228 140 REDSKY SECURITIES LLC Y NFA 01/31/2005 1,009,493 250,000 759,493 
SELECTED FCM FINANCIAL DATA AS OF 

January 31, 2005

FROM REPORTS FILED BY 

February 28, 2005

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

Futures Commission Merchant Date Net Capital Requirement Net Capital 

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

141 REFCO LLC N CME 01/31/2005 286,674,439 156,901,955 129,772,484 142 RJ OBRIEN ASSOCIATES INC N CME 01/31/2005 57,854,172 46,920,676 10,933,496 143 ROBBINS FUTURES INC N NFA 01/31/2005 437,613 250,000 187,613 144 ROBECO USA LLC Y NFA 01/31/2005 60,174,229 1,500,000 58,674,229 145 ROSENTHAL COLLINS GROUP LLC N CME 01/31/2005 15,748,213 8,668,723 7,079,490 146 ROSENTHAL GLOBAL SECURITIES LLC Y CBOT 01/31/2005 4,641,283 566,797 4,074,486 147 SAFEGUARD FINANCIAL HOLDINGS, LLC N NFA 01/31/2005 760,874 250,000 510,874 148 SANFORD C BERNSTEIN & CO LLC Y NFA 01/31/2005 166,644,129 16,517,621 150,126,508 149 SENTINEL MANAGEMENT GROUP INC N NFA 01/31/2005 901,610 250,000 651,610 150 SHATKIN ARBOR INC N CBOT 01/31/2005 3,298,785 250,000 3,048,785 151 SHAY GRAIN CLEARING COMPANY N KCBT 01/31/2005 768,531 250,000 518,531 152 SHEPARD INTERNATIONAL INC N NFA 01/31/2005 1,470,627 250,000 1,220,627 153 SHERWOOD FUTURES GROUP LLC N NFA 01/31/2005 434,452 250,000 184,452 154 SMW TRADING COMPANY INC N CME 01/31/2005 8,663,997 397,881 8,266,116 155 SNC INVESTMENTS INC N NFA 01/31/2005 294,387 250,000 44,387 156 SOLID GOLD FINANCIAL SERVICES INC N NFA 01/31/2005 412,231 250,000 162,231 157 SPENCER FINANCIAL LLC N NFA 01/31/2005 270,460 250,000 20,460 158 STEPHENS INC Y NFA 01/28/2005 57,773,587 11,516,113 46,257,474 159 STERLING COMMODITIES CORP N NYME 01/31/2005 6,834,056 483,087 6,350,969 160 STILLPOINT WEALTH MANAGEMENT LLC Y NFA 01/31/2005 330,709 250,000 80,709 161 SWISS AMERICAN SECURITIES INC Y NFA 01/31/2005 87,050,050 4,763,970 82,286,080 162 TCA FUTURES LLC N NFA 01/31/2005 427,929 250,000 177,929 163 TENCO INC N CBOT 01/31/2005 22,986,888 2,715,357 20,271,531 164 TERRA NOVA TRADING LLC Y NFA 01/31/2005 5,348,570 1,577,908 3,770,662 165 TIMBER HILL LLC Y CME 01/31/2005 518,822,520 4,139,108 514,683,412 166 TOKYO-MITSUBISHI FUTURES USA INC N CME 01/31/2005 16,168,148 1,291,603 14,876,545 167 TOWER RESEARCH CAPITAL EUROPE LLC N NFA 01/31/2005 1,330,384 250,000 1,080,384 168 TRADELINK LLC Y CBOT 01/31/2005 21,830,817 517,556 21,313,261 169 TRADESTATION SECURITIES INC Y NFA 01/31/2005 23,636,207 1,593,412 22,042,795 170 TRADITION SECURITIES AND FUTURES INC N NFA 01/31/2005 378,363 250,000 128,363 171 TRANSMARKET GROUP LLC Y CBOT 01/31/2005 8,371,581 250,000 8,121,581 172 TRILAND USA INC N NYME 01/31/2005 23,848,535 4,836,356 19,012,179 173 UBS FINANCIAL SERVICES INC Y CBOT 01/31/2005 1,400,318,950 189,614,332 1,210,704,618 174 UBS SECURITIES LLC Y CBOT 01/31/2005 3,549,182,339 375,400,977 3,173,781,362 175 UFJ FUTURES LLC N CME 01/31/2005 20,888,950 1,398,785 19,490,165 176 UNIVERSAL FINANCIAL HOLDING CORP N NFA 01/31/2005 448,527 250,000 198,527 177 VELOCITY FUTURES LP N NFA 01/31/2005 1,710,153 250,000 1,460,153 178 VIEWTRADE SECURITIES INC Y NFA 01/31/2005 1,179,613 716,000 463,613 179 VISION LIMITED PARTNERSHIP N NFA 01/31/2005 14,329,839 7,268,568 7,061,271 180 WACHOVIA CAPITAL MARKETS LLC Y NFA 01/31/2005 1,109,322,428 9,234,401 1,100,088,027 181 WACHOVIA SECURITIES FINANCIAL NETWORK LL Y NFA 01/31/2005 18,092,644 250,000 17,842,644 182 WACHOVIA SECURITIES LLC Y NFA 01/31/2005 312,393,000 6,988,800 305,404,200 183 WALL STREET DERIVATIVES INC N NFA 01/31/2005 440,143 250,000 190,143 184 WHITE COMMERCIAL CORPORATION N NFA 01/31/2005 1,677,620 250,000 1,427,620 185 WORLDWIDE CLEARING N NFA 01/31/2005 642,718 250,000 392,718 186 XPRESSTRADE LLC N NFA 01/31/2005 3,980,580 250,000 3,730,580 187 YORK BUSINESS ASSOCIATES LLC N CBOT 01/31/2005 985,636 250,000 735,636 
SELECTED FCM FINANCIAL DATA AS OF 

January 31, 2005

FROM REPORTS FILED BY 

February 28, 2005

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

Futures Commission Merchant Date Net Capital Requirement Net Capital 

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

Total 55,322,525,530 47,187,492,651 December Web Page Update 190Deletions 3Pershing LLCBNP Paribas Brokerage Services IncJulius Baer Securities IncJanuary Web Page Update 187Name ChangeNikko Securities Company International Inc changed their name to Nikko Alternative Asset Management 

QIX Futures Inc changed their name to Forefront Investments Corporatio

Mitsui & Company Investment Products Corporation changed their name to Mitsui Bussan Commodities USA IIntegrated Brokerage Services Inc changed their name to Integrated Brokerage Services L

CDC Securities Inc changed its name to IXIS Securities North America In

Spear Leeds & Kellogg changed their name to Goldman Sachs Execution & Clearing L.(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 

January 31, 2005

FROM REPORTS FILED BY 

February 28, 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 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. 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.