| Rank | Change | Merchant | DSRO | Adjusted Net Capital | Net Capital Requirement | Excess Net Capital | Excess % Change |
|---|
| 1 | -- | UBS SECURITIES LLC | CBOT | $10,569,880,230 | $1,233,759,259 | $9,336,120,971 | -6.91% |
| 2 | -- | CREDIT SUISSE SECURITIES (USA) LLC | CBOT | $6,368,825,008 | $330,011,506 | $6,038,813,502 | 29.21% |
| 3 | -- | DEUTSCHE BANK SECURITIES INC | CBOT | $5,166,790,495 | $405,804,374 | $4,760,986,121 | -18.07% |
| 4 | -- | BEAR STEARNS SECURITIES CORP | CME | $4,615,771,679 | $1,030,992,127 | $3,584,779,552 | -13.50% |
| 5 | -- | BANC OF AMERICA SECURITIES LLC | CME | $3,488,380,383 | $436,370,390 | $3,052,009,993 | 109.70% |
| 6 | -- | WACHOVIA CAPITAL MARKETS LLC | CME | $1,696,497,364 | $3,616,966 | $1,692,880,398 | -6.23% |
| 7 |  3 | RBS GREENWICH CAPITAL INC | CBOT | $1,620,723,000 | $159,544,000 | $1,461,179,000 | -32.51% |
| 8 | -- | GOLDMAN SACHS EXECUTION & CLEARING LP | CME | $1,492,926,361 | $82,045,798 | $1,410,880,563 | -9.59% |
| 9 |  -2 | MERRILL LYNCH PROFESSIONAL CLEARING CORP | NFA | $1,363,218,234 | $140,819,372 | $1,222,398,862 | -33.88% |
| 10 | -1 | BARCLAYS CAPITAL INC | NYME | $1,516,160,674 | $460,452,898 | $1,055,707,776 | -2.55% |
| 11 | 1 | TIMBER HILL LLC | CME | $957,456,466 | $21,394,905 | $936,061,561 | 4.86% |
| 12 | -1 | CIBC WORLD MARKETS CORP | CME | $932,784,414 | $19,014,303 | $913,770,111 | -19.07% |
| 13 | 4 | BNP PARIBAS SECURITIES CORP | CBOT | $795,252,755 | $36,920,188 | $758,332,567 | 4.08% |
| 14 | -1 | UBS FINANCIAL SERVICES INC | CBOT | $887,471,535 | $130,470,588 | $757,000,947 | -15.91% |
| 15 | -- | HSBC SECURITIES USA INC | CME | $807,917,347 | $82,795,821 | $725,121,526 | -2.00% |
| 16 | -2 | NOMURA SECURITIES INTERNATIONAL INC | CBOT | $718,218,773 | $1,000,000 | $717,218,773 | -24.06% |
| 17 | 1 | WACHOVIA SECURITIES LLC | CBOT | $700,672,322 | $33,759,708 | $666,912,614 | 133.90% |
| 18 | -2 | RBC CAPITAL MARKETS CORPORATION | CME | $739,854,828 | $112,714,900 | $627,139,928 | -9.86% |
| 19 | 1 | JP MORGAN FUTURES INC | NYME | $1,251,153,800 | $873,280,387 | $377,873,413 | -15.74% |
| 21 | -2 | INTERACTIVE BROKERS LLC | EUXUS | $419,944,595 | $54,347,900 | $365,596,695 | -13.65% |
| 22 | -- | MORGAN KEEGAN & COMPANY INC | NFA | $326,276,741 | $10,070,261 | $316,206,480 | -10.27% |
| 23 | -- | RAYMOND JAMES & ASSOCIATES INC | NFA | $340,462,560 | $30,250,224 | $310,212,336 | -1.00% |
| 24 | -- | NEUBERGER BERMAN LLC | NFA | $265,753,827 | $5,000,000 | $260,753,827 | -4.49% |