How To Interpret FCM data

We provide rankings of all registered FCMs based on reports received from the CFTC (U.S. Commodity Futures Trading Commission.) Overall rankings and sub-category rankings are provided based on Adjusted Net Capital and Excess Net Capital.

B/D column: This shows whether a particular FCM is registerd with the Securites and Exchange Commission as a securities broker or dealer. A "Y" means the FCM is also registered as a B/D with the SEC.

DSRO column: This identifies the FCMs Designated Self-Regulatory Organization.

Adjusted Net Capital: This is the amount of regulatory capital available to meet the FCMs minimum net capital requirement.

Excess Net Capital: This is the amount by which the adjusted net capital exceeds the net capital requirement. We consider this one of the more important pieces of data.

For more information, read Description of Report Data Fields.