Posts Tagged ‘Chicago’

FCM Data – August 2015

October 12, 2015

Ahead of FIA Expo – I’ll be in Chicago for it next month – I figured this was as good a time as any to post another sorted summary of the CFTC FCM Financial Data reports. Sourced from here, you already know the drill, no doubt: CFTC publishes the report every month based on FCM/Broker Dealer FOCUS Reports, and/or FCM 1-FR reports.

CFTC publishes the report listing FCMs alphabetically, I grab their Excel version and sort it by Customer Seg Required (Column J). The amount of money in Customer Seg – aka Seg Required – is a pretty reliable and useful measure of the relative health of the US derivatives industry.

The sorted report is here: fcmdata0815 Sorted By Seg

Tops is Goldman Sachs, at a little under $24 billion. That’ roughly 25% higher than the second largest amount in Seg Required, JP Morgan at $17.2B. Third is SocGen (formerly Newedge) at $13.8B, then Morgan Stanley at $12.5B, and fifth largest is Merrill Lynch (BAML) at around $12.4B.

Relevant: there are 73 FCMs that submitted reports to CFTC, but only 56 of them had any Customer Seg amounts at all. And one of those РJefferies (formerly Prudential Bache, before that Bache Securities) is winding down, so soon, there will be just 55 FCMs from which derivatives customers can choose.

Anyway, that’s it for now. If you’re in Chicago, or traveling there for FIA Expo, look for me on the trade show floor, or at some of the panels!

FIA Chicago Golf Outing

September 27, 2011

It was cold. It was rainy. We had a blast and finished three-under-par to boot.

The Needham Consulting group at the FIA-Chicago golf outing. From left to right: Mike Wilkins, Rick Asken, Steve Ishmael. (not pictured = me)

UPDATE:
Adding this image of Mike Wilkins’ follow-through on our 16th hole, a par-3 over water. This hole was sponsored by Options Clearing Corp.