Financial Data for FCMs

Financial Data for FCMs

Futures commission merchants (FCMs) and retail foreign exchange dealers (RFEDs) must file monthly financial reports with the CFTC's Division of Swap Dealer and Intermediary Oversight (DSIO) within 17 business days after the end of the month.  To view the financial data for all FCM's, please use the link below:

Some key columns that we believe are important are:
  1. Customers' Assets in Seg:  This is the total amount of customer funds in the FCM's segregated back account.  (more information on customer segregated funds can be found here).
  2. Net Capital Requirement: The minimum net capital that each FCM must maintain is determined under CFTC Regulation 1.17(a)(1)(i). Refer to pages 7-11 through 7-12 of the Form 1-FR-FCM Instructions for more information regarding how to compute the net capital requirement.
  3. Adjusted Net Capital: This is the amount of regulatory capital available to meet the FCM's minimum net capital requirement. The classification of assets and liabilities used in arriving at net capital, and the additional capital haircuts that a FCM may be required to take, are set forth in CFTC Regulation 1.17.
  4. Excess Net Capital: This is the amount by which the adjusted net capital exceeds the net capital requirement.  In other words, this is the FCMs free cash resting at the FCM to use for whatever purposes. 
  5. DSRO: This column identifies the firm's Designated Self-Regulatory Organization (DSRO). A DSRO is the organization that is primarily responsible for conducting audits of and ongoing financial surveillance over the firm. A DSRO can be a designated contract market (DCM) or the National Futures Association.

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

  • FCM minimum dollar amount ($1,000,000); or
  • risk based capital requirement, the sum of 8% of total customer risk maintenance margin and 8% of total noncustomer 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


    • Related Articles

    • What is an FCM?

      A Futures Commission Merchant is an organization that solicits or accepts orders to buy or sell futures or options contracts and accepts money or other assets from customers in connection with such orders. FCM’s work with the exchanges to handle ...
    • FCM Fees

      Funding your account at Edge Clear often requires wiring funds to your segregated account at the FCM. Though most FCMs do not charge a fee for the transfer of funds into an account, they may charge a fee for the transfer of funds out of the account. ...
    • How to Switch Data Providers

      Edge Clear partners with many data feeds, each of which may be differentially suited to the needs of a trader. Edge Clear wants to make it as easy as possible to find the right data feed for your trading needs. To see a list of the data providers ...
    • What Data Feeds does Edge Clear offer?

      Edge Clear offers the below data providers to deliver streaming real-time quotes and historical data directly from the exchange: Rithmic CQG Teton (Sierra Chart) Trading Technologies  Certigo DTN IQ Feed (non execution)  eSignal
    • Can I use multiple data feeds with my account?

      You are unable to use separate data feeds on one Futures account. For example, you cannot have CQG and Rithmic enabled for the same account. This is due to each data feed having a separate servers, and risk management systems. If you would like to ...