SELECTED FCM FINANCIAL DATA AS OF 

July 31, 2013

FROM REPORTS FILED BY 

September 09, 2013

1 of 4

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

29

30

31

32

33

34

35

36

37

38

39

40

41

42

43

44

45

46

47

48

49

50

51

52

53

54

55

56

57

A B C D E F G H I J K L M N O

9 Reg As DSRO A/O Adjusted Net Capital Excess Customers' Customers' Excess/Deficient Funds in Separate Customer Excess/Deficient Total Amount

Date Net Capital Requirement Net Capital Assets Seg Required Funds in Seg Section 30.7 Amount Pt. 30 Funds in Separate of Retail Forex

in Seg 4d(a)(2) Accounts Required Section 30.7 Obligation

Accounts

(a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k)

1 ABN AMRO CLEARING CHICAGO LLC FCM BD CBOT 7/31/2013 484,259,802 119,610,954 364,648,848 2,403,771,610 2,186,643,735 217,127,875 157,940,234 121,481,546 36,458,688 0

2 ADM INVESTOR SERVICES INC FCM CBOT 7/31/2013 271,386,558 144,522,538 126,864,020 3,216,659,398 2,990,961,495 225,697,903 186,423,114 134,049,837 52,373,277 0

3 ADVANTAGE FUTURES LLC FCM CME 7/31/2013 21,618,381 12,164,006 9,454,375 444,087,168 430,424,275 13,662,893 31,612,448 28,952,083 2,660,365 0

4 ALPARI (US) LLC FCMRFD NFA 7/31/2013 23,347,657 20,016,545 3,331,112 3,607,316 1,151,965 2,455,351 3,886,010 2,047,285 1,838,725 10,330,890

5 AMERIPRISE FINANCIAL SERVICES INC FCM BD NFA 7/31/2013 155,651,763 1,000,000 154,651,763 0 0 0 0 0 0 0

6 AMP GLOBAL CLEARING LLC FCM NFA 7/31/2013 2,541,516 1,500,000 1,041,516 42,640,226 41,073,794 1,566,432 579,531 404,714 174,817 0

7 BARCLAYS CAPITAL INC FCM BD NYME 7/31/2013 6,283,171,182 1,292,716,023 4,990,455,159 6,687,455,002 6,453,120,829 234,334,173 4,370,040,020 4,136,964,952 233,075,068 0

8 BGC FINANCIAL LP FCM BD NFA 7/31/2013 49,057,542 1,531,563 47,525,979 0 0 0 0 0 0 0

9 BNP PARIBAS PRIME BROKERAGE INC FCM BD NYME 7/31/2013 3,466,039,361 225,873,224 3,240,166,137 2,479,411,955 2,225,584,789 253,827,166 17,553,139 2,454,720 15,098,419 0

10 BNP PARIBAS SECURITIES CORP FCM BD CBOT 7/31/2013 1,531,460,967 153,598,235 1,377,862,732 1,165,644,466 968,358,636 197,285,830 1,000,000 0 1,000,000 0

11 BNY MELLON CLEARING LLC FCM CME 7/31/2013 287,249,546 20,000,000 267,249,546 246,128,333 94,190,491 151,937,842 36,872,313 17,446,045 19,426,268 0

12 BOCI COMMODITIES & FUTURES USA LLC FCM NFA 7/31/2013 4,717,889 1,000,000 3,717,889 0 0 0 0 0 0 0

13 CANTOR FITZGERALD & CO FCM BD CBOT 7/31/2013 191,886,576 9,699,577 182,186,999 6,222,484 1,256,519 4,965,965 0 0 0 0

14 CAPITAL MARKET SERVICES LLC FCM NFA 7/31/2013 2,007,064 1,000,000 1,007,064 0 0 0 0 0 0 0

15 CHS HEDGING INC FCM CBOT 7/31/2013 25,206,980 10,119,984 15,086,996 162,405,265 137,960,011 24,445,254 1,240,361 173,213 1,067,148 0

16 CITADEL SECURITIES LLC FCM BD CME 7/31/2013 387,618,509 1,000,000 386,618,509 0 0 0 0 0 0 0

17 CITIGROUP GLOBAL MARKETS INC FCM BD CBOT 7/31/2013 5,696,235,211 823,257,163 4,872,978,048 6,807,249,807 6,429,931,058 377,318,749 1,289,360,365 951,542,278 337,818,087 0

18 CREDIT SUISSE SECURITIES (USA) LLC FCM BD CBOT 7/31/2013 8,353,684,101 2,148,059,583 6,205,624,518 8,644,321,517 7,385,964,091 1,258,357,426 3,253,716,158 2,727,767,239 525,948,919 0

19 CROSSLAND LLC FCM CBOT 7/31/2013 9,216,813 4,225,365 4,991,448 92,618,498 90,786,418 1,832,080 28,649,682 27,859,003 790,679 0

20 CUNNINGHAM COMMODITIES LLC FCM CBOT 7/31/2013 3,079,490 1,038,462 2,041,028 57,484,896 56,379,518 1,105,378 833,372 659,843 173,529 0

21 DAIWA CAPITAL MARKETS AMERICA INC FCM BD CME 7/31/2013 416,714,167 7,079,396 409,634,771 8,617,294 3,978,159 4,639,135 1,028,995 0 1,028,995 0

22 DEUTSCHE BANK SECURITIES INC FCM BD CBOT 7/31/2013 8,374,992,345 733,170,921 7,641,821,424 14,413,644,531 13,837,297,359 576,347,172 1,241,395,978 1,008,530,923 232,865,055 0

23 DORMAN TRADING LLC FCM CME 7/31/2013 11,187,413 1,389,133 9,798,280 135,931,751 132,827,197 3,104,554 2,291,404 1,941,458 349,946 0

24 E D & F MAN CAPITAL MARKETS INC FCM BD CME 7/31/2013 21,729,792 6,648,585 15,081,207 177,685,356 168,644,945 9,040,411 2,311,654 1,690,898 620,756 0

25 E TRADE CLEARING LLC FCM BD NFA 7/31/2013 692,313,812 128,600,275 563,713,537 47,605,103 37,105,918 10,499,185 1,508,107 506,970 1,001,137 0

26 ENSKILDA FUTURES LTD FCM CME 7/31/2013 34,136,885 16,286,999 17,849,886 217,723,114 205,904,343 11,818,771 0 0 0 0

27 FCSTONE LLC FCM CME 7/31/2013 106,100,241 66,810,519 39,289,722 1,582,982,151 1,557,038,442 25,943,709 66,835,018 53,363,077 13,471,941 0

28 FIXI AMERICAS LLC FCM NFA 7/31/2013 1,499,192 1,000,000 499,192 0 0 0 0 0 0 0

29 FOREX CAPITAL MARKETS LLC FCMRFD NFA 7/31/2013 69,685,750 26,801,213 42,884,537 0 0 0 0 0 0 146,024,253

30 FRIEDBERG MERCANTILE GROUP INC FCM NFA 7/31/2013 4,814,704 1,000,000 3,814,704 4,599,462 3,994,015 605,447 1,481,907 1,412,836 69,071 0

31 FRONTIER FUTURES INC FCM NFA 7/31/2013 2,029,292 1,000,000 1,029,292 28,597,352 27,818,101 779,251 0 0 0 0

32 FXDIRECTDEALER LLC FCMRFD NFA 7/31/2013 23,468,721 20,853,717 2,615,004 0 0 0 0 0 0 27,074,330

33 GAIN CAPITAL GROUP LLC FCMRFD NFA 7/31/2013 43,023,715 24,859,384 18,164,331 132,264,604 125,880,638 6,383,966 4,469,799 3,153,415 1,316,384 107,187,678

34 GH FINANCIALS LLC FCM CME 7/31/2013 9,724,275 1,000,000 8,724,275 1,562,172 933,230 628,942 0 0 0 0

35 GLOBAL FUTURES & FOREX LTD FCMRFD NFA 7/31/2013 -520,282 20,000,000 -20,520,282 0 0 0 0 0 0 0

36 GOLDMAN SACHS & CO FCM BD CBOT 7/31/2013 15,587,355,038 2,051,746,834 13,535,608,204 20,224,499,514 19,583,474,281 641,025,233 9,225,895,617 8,576,732,593 649,163,024 0

37 GOLDMAN SACHS EXECUTION & CLEARING LP FCM BD CME 7/31/2013 1,931,463,227 122,603,771 1,808,859,456 1,586,214,942 1,010,126,441 576,088,501 64,523,935 18,467,582 46,056,353 0

38 GUGGENHEIM SECURITIES LLC FCM BD NFA 7/31/2013 72,757,857 1,309,126 71,448,731 0 0 0 0 0 0 0

39 HSBC SECURITIES USA INC FCM BD CME 7/31/2013 1,069,452,830 129,374,312 940,078,518 976,495,471 905,294,221 71,201,250 89,831,651 72,720,303 17,111,348 0

40 IBFX INC RFED NFA 7/31/2013 27,537,555 23,182,358 4,355,197 0 0 0 0 0 0 73,647,158

41 INSTINET LLC FCM BD NFA 7/31/2013 110,949,895 2,275,499 108,674,396 0 0 0 0 0 0 0

42 INSTITUTIONAL LIQUIDITY LLC FCMRFD NFA 7/31/2013 33,550,525 20,172,077 13,378,448 0 0 0 0 0 0 13,441,542

43 INTERACTIVE BROKERS LLC FCM BD NFA 7/31/2013 1,818,788,199 261,878,529 1,556,909,670 2,148,644,874 1,947,505,448 201,139,426 412,683,723 301,865,932 110,817,791 42,799,504

44 IRONBEAM INC FCM NFA 7/31/2013 2,417,181 1,000,000 1,417,181 42,733,169 41,398,547 1,334,622 111,202 4,370 106,832 0

45 ITG DERIVATIVES LLC FCM BD NFA 7/31/2013 4,994,268 1,000,000 3,994,268 0 0 0 0 0 0 0

46 JEFFERIES BACHE LLC FCM CBOT 7/31/2013 242,805,000 124,514,560 118,290,440 2,118,920,000 2,017,375,000 101,545,000 181,362,000 109,489,000 71,873,000 0

47 JP MORGAN CLEARING CORP FCM BD NFA 7/31/2013 6,745,991,882 1,722,418,880 5,023,573,002 1,010,223,745 759,051,870 251,171,875 787,074,212 544,459,950 242,614,262 0

48 JP MORGAN SECURITIES LLC FCM BD CEI 7/31/2013 14,098,515,915 1,925,567,424 12,172,948,491 18,491,769,848 16,603,910,221 1,887,859,627 3,711,703,594 3,295,215,373 416,488,221 0

49 KNIGHT CAPITAL AMERICAS LLC FCM BD CME 7/31/2013 337,152,235 23,522,752 313,629,483 506,433,896 489,942,797 16,491,099 11,166,463 7,830,864 3,335,599 35,076,899

50 LEK SECURITIES CORPORATION FCM BD NFA 7/31/2013 9,071,315 1,500,000 7,571,315 8,428,901 7,591,340 837,561 0 0 0 0

51 LINN GROUP THE FCM NFA 7/31/2013 3,423,362 2,291,116 1,132,246 81,802,862 78,333,376 3,469,486 347,705 0 347,705 0

Futures Commission Merchant / Retail Foreign Exchange 

Dealer
SELECTED FCM FINANCIAL DATA AS OF 

July 31, 2013

FROM REPORTS FILED BY 

September 09, 2013

2 of 4

1

2

3

4

5

6

A B C D E F G H I J K L M N O

9 Reg As DSRO A/O Adjusted Net Capital Excess Customers' Customers' Excess/Deficient Funds in Separate Customer Excess/Deficient Total Amount

Date Net Capital Requirement Net Capital Assets Seg Required Funds in Seg Section 30.7 Amount Pt. 30 Funds in Separate of Retail Forex

in Seg 4d(a)(2) Accounts Required Section 30.7 Obligation

Accounts

(a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k)

Futures Commission Merchant / Retail Foreign Exchange 

Dealer

58

59

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

95

96

97

98

99

100

101

102

103

104

105

106

107

108

52 LPL FINANCIAL LLC FCM BD NFA 7/31/2013 208,068,435 6,103,488 201,964,947 0 0 0 0 0 0 0

53 MACQUARIE FUTURES USA LLC FCM CBOT 7/31/2013 141,687,975 98,220,333 43,467,642 1,423,306,194 1,255,452,995 167,853,199 32,153,919 25,444,403 6,709,516 0

54 MAREX NORTH AMERICA LLC FCM CME 7/31/2013 11,020,964 7,244,731 3,776,233 90,287,134 84,294,897 5,992,237 6,678,181 5,958,117 720,064 0

55 MB TRADING FUTURES INC FCMRFD NFA 7/31/2013 24,522,130 21,507,885 3,014,245 0 0 0 0 0 0 40,157,697

56 MCVEAN TRADING & INVESTMENTS LLC FCM NFA 7/31/2013 13,018,468 4,400,922 8,617,546 832,048,047 811,409,986 20,638,061 2,600,556 0 2,600,556 0

57 MERRILL LYNCH PIERCE FENNER & SMITH FCM BD CBOT 7/31/2013 12,072,864,853 874,843,774 11,198,021,079 8,504,057,100 8,162,435,975 341,621,125 2,740,498,424 2,489,529,192 250,969,232 0

58 MERRILL LYNCH PROFESSIONAL CLEARING CORP FCM BD NFA 7/31/2013 2,010,452,632 253,677,109 1,756,775,523 1,584,594,828 794,173,981 790,420,847 29,159,412 1,163,975 27,995,437 0

59 MID CO COMMODITIES INC FCM NFA 7/31/2013 9,871,826 3,533,003 6,338,823 39,420,861 30,208,871 9,211,990 572,574 0 572,574 0

60 MITSUBISHI UFJ SECURITIES USA INC FCM BD NFA 7/31/2013 226,291,385 1,066,467 225,224,918 0 0 0 0 0 0 0

61 MITSUI BUSSAN COMMODITIES USA INC FCM NFA 7/31/2013 3,394,645 1,000,000 2,394,645 0 0 0 0 0 0 0

62 MIZUHO SECURITIES USA INC FCM BD CME 7/31/2013 404,842,178 173,839,086 231,003,092 2,280,644,245 2,083,728,302 196,915,943 438,488,526 348,874,376 89,614,150 0

63 MORGAN STANLEY & CO LLC FCM BD CME 7/31/2013 7,880,418,820 1,484,537,525 6,395,881,295 8,840,514,746 8,632,067,734 208,447,012 2,624,697,140 2,417,555,597 207,141,543 0

64 MORGAN STANLEY SMITH BARNEY LLC FCM BD NFA 7/31/2013 3,554,085,789 162,179,723 3,391,906,066 748,530,935 643,957,320 104,573,615 84,365,692 59,120,541 25,245,151 0

65 NATIXIS SECURITIES AMERICAS LLC FCM BD NFA 7/31/2013 272,144,797 2,428,068 269,716,729 0 0 0 0 0 0 0

66 NEUBERGER BERMAN LLC FCM BD NFA 7/31/2013 75,706,685 1,500,000 74,206,685 0 0 0 0 0 0 0

67 NEWEDGE USA LLC FCM BD NYME 7/31/2013 1,945,683,505 1,007,581,155 938,102,350 15,268,797,966 14,663,862,971 604,934,995 3,067,324,975 2,689,213,332 378,111,643 0

68 NOMURA SECURITIES INTERNATIONAL INC FCM BD CBOT 7/31/2013 2,392,398,797 39,412,794 2,352,986,003 69,095,136 58,066,648 11,028,488 5,209,051 805,163 4,403,888 0

69 OANDA CORPORATION FCMRFD NFA 7/31/2013 145,843,146 26,117,534 119,725,612 0 0 0 0 0 0 132,350,675

70 OPPENHEIMER & CO INC FCM BD NFA 7/31/2013 156,306,165 24,963,918 131,342,247 35,172,105 17,868,451 17,303,654 0 0 0 0

71 OPTIONSXPRESS INC FCM BD NFA 7/31/2013 99,255,930 6,157,579 93,098,351 115,076,498 88,025,966 27,050,532 3,630,201 1,070,351 2,559,850 0

72 PHILLIP FUTURES INC FCM CME 7/31/2013 28,093,681 20,000,000 8,093,681 136,092,901 117,561,703 18,531,198 4,151,001 1,893,357 2,257,644 0

73 PIONEER FUTURES INC FCM NFA 7/31/2013 2,373,798 1,000,000 1,373,798 0 0 0 0 0 0 0

74 RAND FINANCIAL SERVICES INC FCM CME 7/31/2013 78,287,240 25,001,780 53,285,460 389,978,000 349,090,300 40,887,700 30,179,900 7,938,400 22,241,500 0

75 RAYMOND JAMES & ASSOCIATES INC FCM BD NFA 7/31/2013 446,876,803 36,601,634 410,275,169 0 0 0 0 0 0 0

76 RBC CAPITAL MARKETS LLC FCM BD CME 7/31/2013 1,035,679,573 122,422,640 913,256,933 980,632,581 907,296,629 73,335,952 193,492,163 136,843,442 56,648,721 0

77 RBS SECURITIES INC FCM BD CBOT 7/31/2013 4,270,207,956 152,863,693 4,117,344,263 1,732,680,449 1,591,020,319 141,660,130 161,800,775 44,306,555 117,494,220 0

78 RJ OBRIEN ASSOCIATES LLC FCM CME 7/31/2013 205,935,426 137,550,512 68,384,914 3,901,022,716 3,784,553,753 116,468,963 165,542,178 140,193,812 25,348,366 1,658,025

79 ROSENTHAL COLLINS GROUP LLC FCM CME 7/31/2013 75,866,449 57,491,438 18,375,011 1,467,171,121 1,444,234,024 22,937,097 34,478,122 24,422,215 10,055,907 0

80 SANFORD C BERNSTEIN & CO LLC FCM BD NFA 7/31/2013 172,057,024 18,966,472 153,090,552 0 0 0 0 0 0 0

81 SANTANDER INVESTMENT SECURITIES INC FCM BD NYME 7/31/2013 163,836,193 8,824,798 155,011,395 679,013,005 676,748,517 2,264,488 0 0 0 0

82 STATE STREET GLOBAL MARKETS LLC FCM BD CME 7/31/2013 526,021,078 27,653,167 498,367,911 365,902,987 278,753,530 87,149,457 96,607,821 56,026,360 40,581,461 0

83 STRAITS FINANCIAL LLC FCM CME 7/31/2013 9,806,816 3,847,038 5,959,778 120,557,007 113,869,145 6,687,862 23,045,868 20,772,943 2,272,925 0

84 TD AMERITRADE INC FCM BD NFA 7/31/2013 274,316,694 11,382,893 262,933,801 160,727,659 135,752,239 24,975,420 0 0 0 0

85 TIMBER HILL LLC FCM BD CME 7/31/2013 507,385,357 48,169,745 459,215,612 637,591,987 635,065,837 2,526,150 0 0 0 0

86 TRADELINK LLC FCM BD CBOT 7/31/2013 15,197,749 1,000,000 14,197,749 0 0 0 0 0 0 0

87 TRADESTATION SECURITIES INC FCM BD NFA 7/31/2013 56,618,115 2,998,408 53,619,707 404,359,250 394,237,071 10,122,179 15,727,704 14,723,609 1,004,095 0

88 TULLETT PREBON FINANCIAL SERVICES LLC FCM BD NFA 7/31/2013 27,378,105 1,000,000 26,378,105 0 0 0 0 0 0 0

89 UBS FINANCIAL SERVICES INC FCM BD NFA 7/31/2013 1,491,294,175 100,479,932 1,390,814,243 128,879,374 101,603,011 27,276,363 24,594,609 1,102,871 23,491,738 0

90 UBS SECURITIES LLC FCM BD CBOT 7/31/2013 9,366,619,726 994,828,194 8,371,791,532 9,721,861,179 9,053,710,348 668,150,831 4,662,658,778 4,247,329,686 415,329,092 0

91 VELOCITY FUTURES LLC FCM NFA 7/31/2013 1,257,521 1,000,000 257,521 59,840,917 58,856,612 984,305 1,530,114 943,010 587,104 0

92 VISION FINANCIAL MARKETS LLC FCM BD CME 7/31/2013 33,410,349 11,513,995 21,896,354 492,413,844 479,888,627 12,525,217 14,885,899 12,647,746 2,238,153 0

93 WELLS FARGO ADVISORS FINANCIAL NETWORK LLC FCM BD NFA 7/31/2013 51,885,993 1,000,000 50,885,993 0 0 0 0 0 0 0

94 WELLS FARGO ADVISORS LLC FCM BD NFA 7/31/2013 1,248,969,959 1,500,000 1,247,469,959 0 0 0 0 0 0 0

95 WELLS FARGO SECURITIES LLC FCM BD CME 7/31/2013 2,894,213,830 30,781,872 2,863,431,958 23,439,080 13,417,177 10,021,903 4,970,820 0 4,970,820 0

96 WHITE COMMERCIAL CORPORATION FCM NFA 7/31/2013 2,373,666 1,000,000 1,373,666 0 0 0 0 0 0 0

97 WHOTRADES FX LLC FCM NFA 7/31/2013 1,938,486 1,000,000 938,486 0 0 0 0 0 0 0

98 XCHANGE FINANCIAL ACCESS LLC FCM BD NFA 7/31/2013 5,776,415 1,000,000 4,776,415 34,499,577 32,417,322 2,082,255 0 0 0 0

99 YORK BUSINESS ASSOCIATES LLC FCM NFA 7/31/2013 4,585,121 1,000,000 3,585,121 53,578,313 51,647,453 1,930,860 2,266,725 1,905,985 360,740 0

Totals 157,728,875,795 146,584,491,227 11,144,384,568 39,657,040,839 34,898,973,340 4,758,067,499 629,748,651
SELECTED FCM FINANCIAL DATA AS OF 

July 31, 2013

FROM REPORTS FILED BY 

September 09, 2013

3 of 4

1

2

3

4

5

6

A B C D E F G H I J K L M N O

9 Reg As DSRO A/O Adjusted Net Capital Excess Customers' Customers' Excess/Deficient Funds in Separate Customer Excess/Deficient Total Amount

Date Net Capital Requirement Net Capital Assets Seg Required Funds in Seg Section 30.7 Amount Pt. 30 Funds in Separate of Retail Forex

in Seg 4d(a)(2) Accounts Required Section 30.7 Obligation

Accounts

(a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k)

Futures Commission Merchant / Retail Foreign Exchange 

Dealer

109

110

111

112

113

114

115

116

117

118

119

120

121

122

June Web Page Update 100

Additions 1

FIXI AMERICAS LLC

Deletions 2

CX CAPITAL MARKETS LLC

XPRESSTRADE LLC

Name Changes

None

July Web Page Update 99
SELECTED FCM FINANCIAL DATA AS OF 

July 31, 2013

FROM REPORTS FILED BY 

September 09, 2013

4 of 4

1

2

3

4

5

6

A B C D E F G H I J K L M N O

9 Reg As DSRO A/O Adjusted Net Capital Excess Customers' Customers' Excess/Deficient Funds in Separate Customer Excess/Deficient Total Amount

Date Net Capital Requirement Net Capital Assets Seg Required Funds in Seg Section 30.7 Amount Pt. 30 Funds in Separate of Retail Forex

in Seg 4d(a)(2) Accounts Required Section 30.7 Obligation

Accounts

(a) (b) (c) (d) (e) (f) (g) (h) (i) (j) (k)

Futures Commission Merchant / Retail Foreign Exchange 

Dealer

123

124

125

126

127

128

129

130

131

132

133

134

135

136

137

138

139

140

141

142

143

144

145

146

147

148

149

150

151

152

153

154

(k): This represents the total amount of funds at an FCM, RFED, or FCMRFD that would be obtained by combining all money, securities and property deposited by a retail forex customer into a retail forex account or accounts, 

adjusted for the realized and unrealized net profit or loss.

(i): This represents the amount of funds an FCM is required to set aside for customers who trade on commodity exchanges located outside of the United States. 

(j): Excess/Deficient funds in separate Section 30.7 accounts is funds in separate Section 30.7 accounts, less the customer amount Part 30 requirement.

(f): 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.

(g): Excess/Deficient funds in segregation is customer assets in segregation, less the customer segregation requirement.

(h): This represents the total amount of money, securities, and property held in secured accounts for futures and options customers who trade on commodity exchanges located outside the United States in compliance with 

Part 30 of the Commodity Exchange Act.

(d): Excess net capital is adjusted net capital, less the firm's net capital requirement.

(e): This represents the total amount of money, securities, and property held in segregated accounts for futures and options customers in compliance with Section 4d of the Commodity Exchange Act.

•  risk based capital requirement, the sum of 8% of total customer risk maintenance margin and 8% of total non-customer risk maintenance margin; or 

•  the amount of capital required by a registered futures association (currently NFA is the only such association); or

•  for securities brokers and dealers, the amount of net capital required by Rule 15c3-1(a) of the Securities and Exchange Commission; or  

•  minimum dollar amount for FCM’s offering or engaged in retail forex transactions and RFEDs ($20,000,000); or

•  minimum dollar amount for FCM’s offering or engaged in retail forex transactions and RFEDs ($20,000,000) plus five percent of the FCM’s or RFED’s total retail forex obligation in excess of $10,000,000.

(c): A firm's net capital requirement is the greater of: 

•  FCM minimum dollar amount ($1,000,000); or

(a): FCM: Futures Commission Merchant that is registered with the Commodity Futures Trading Commission;

 BD: The FCM is also registered with the Securities and Exchange Commission as a securities broker or dealer;

 RFED: Retail Foreign Exchange Dealer that is registered with the Commodity Futures Trading Commission;

 FCMRFD: The FCM is also registered with the Commodity Futures Trading Commission as a Retail Foreign Exchange Dealer.

(b): DSRO: Designated Self-Regulatory Organization.