| Rank | Change | Merchant | DSRO | Adjusted Net Capital | Net Capital Requirement | Excess Net Capital | Excess % Change |
|---|
| 1 | -- | AIG CLEARING CORPORATION | NYME | $312,019,413 | $62,284,495 | $249,734,918 | 1.52% |
| 2 |  8 | CANTOR FITZGERALD & CO | CBOT | $254,638,276 | $22,285,957 | $232,352,319 | -27.83% |
| 3 | 6 | DAIWA SECURITIES AMERICA INC | CME | $231,072,961 | $2,682,727 | $228,390,234 | -3.06% |
| 5 |  -1 | OPPENHEIMER & CO INC | NFA | $191,293,888 | $23,025,339 | $168,268,549 | 32.20% |
| 6 | -- | SANFORD C BERNSTEIN & CO LLC | NFA | $166,143,423 | $10,770,450 | $155,372,973 | 5.06% |
| 7 | -- | OANDA CORPORATION | NFA | $163,136,499 | $8,664,556 | $154,471,943 | 0.63% |
| 8 | 36 | ITAU SECURITIES INC | NFA | $150,925,091 | $500,000 | $150,425,091 | 21.90% |
| 9 | 2 | FORTIS CLEARING AMERICAS LLC | CBOT | $177,934,088 | $54,903,276 | $123,030,812 | -8.03% |
| 11 | 1 | MIZUHO SECURITIES USA INC | CME | $157,762,729 | $62,892,357 | $94,870,372 | 2.17% |
| 12 | 2 | INSTINET LLC | NFA | $93,497,105 | $5,982,085 | $87,515,020 | 7.31% |
| 13 | 2 | TRADESTATION SECURITIES INC | NFA | $82,657,281 | $2,445,128 | $80,212,153 | 2.14% |
| 14 | -1 | STEPHENS INC | NFA | $82,122,472 | $9,579,768 | $72,542,704 | -0.80% |
| 16 | 5 | ADM INVESTOR SERVICES INC | CBOT | $165,144,468 | $95,142,911 | $70,001,557 | -4.56% |
| 17 | 2 | GELBER GROUP LLC | CBOT | $64,838,375 | $500,000 | $64,338,375 | -28.20% |
| 18 | -- | H & R BLOCK FINANCIAL ADVISORS INC | NFA | $73,145,683 | $9,134,020 | $64,011,663 | 0.15% |
| 19 | -3 | OPTIONSXPRESS INC | NFA | $70,013,361 | $6,486,769 | $63,526,592 | -14.17% |
| 21 | -13 | ABBEY NATIONAL SECURITIES INC | NFA | $61,552,352 | $500,000 | $61,052,352 | 0.93% |
| 22 | -5 | FOREX CAPITAL MARKETS LLC | NFA | $73,603,911 | $14,038,671 | $59,565,240 | 14.01% |
| 23 | -1 | GAIN CAPITAL GROUP LLC | NFA | $66,314,151 | $7,220,588 | $59,093,563 | 1.73% |
| 25 | 11 | FC STONE LLC | CME | $119,103,309 | $74,102,936 | $45,000,373 | -33.56% |
| 26 | 1 | DUNAVANT COMMODITY CORP | NFA | $44,162,460 | $1,642,734 | $42,519,726 | -1.35% |
| 27 | -1 | RAND FINANCIAL SERVICES INC | CME | $57,581,274 | $17,373,995 | $40,207,279 | -1.42% |
| 28 | 1 | ROSENTHAL COLLINS GROUP LLC | CME | $76,571,963 | $44,763,617 | $31,808,346 | 20.02% |
| 29 | 6 | TRADELINK LLC | CBOT | $31,638,399 | $500,000 | $31,138,399 | -41.99% |
| 30 | 2 | MBF CLEARING CORP | NYME | $28,913,497 | $1,096,045 | $27,817,452 | 12.85% |
| 31 | -6 | PRUDENTIAL BACHE COMMODITIES LLC | CBOT | $226,053,000 | $198,264,440 | $27,788,560 | -41.68% |
| 32 | -4 | TRILAND USA INC | NYME | $40,934,566 | $13,164,386 | $27,770,180 | 33.93% |
| 33 | -9 | BNP PARIBAS COMMODITY FUTURES INC | NYME | $164,395,750 | $137,104,247 | $27,291,503 | -9.50% |
| 34 | 5 | TENCO INC | CBOT | $38,098,171 | $12,780,342 | $25,317,829 | -8.63% |
| 36 | -2 | LADENBURG THALMANN & CO INC | NFA | $25,153,921 | $500,000 | $24,653,921 | 2.13% |
| 37 | 8 | SMW TRADING COMPANY INC | CME | $24,870,900 | $500,000 | $24,370,900 | -30.44% |
| 38 | -8 | KOTTKE ASSOCIATES LLC | CBOT | $19,829,219 | $514,422 | $19,314,797 | 90.68% |
| 39 | 8 | MACQUARIE FUTURES USA INC | NFA | $23,383,321 | $6,159,165 | $17,224,156 | -54.74% |
| 40 | 1 | WACHOVIA SECURITIES FINANCIAL NETWORK, LLC | NFA | $20,269,492 | $3,076,803 | $17,192,689 | -4.27% |
| 41 | 14 | ROSENTHAL GLOBAL SECURITIES LLC | CBOT | $17,910,595 | $979,397 | $16,931,198 | 95.30% |
| 42 | -5 | INTERBANK FX LLC | NFA | $21,367,369 | $5,000,000 | $16,367,369 | 14.24% |
| 43 | 7 | ADVANTAGE FUTURES LLC | CME | $20,819,600 | $4,716,845 | $16,102,755 | -16.40% |
| 44 | -1 | GILDER GAGNON HOWE AND CO LLC | NFA | $16,571,382 | $500,000 | $16,071,382 | 11.37% |
| 45 | 4 | IOWA GRAIN CO | CBOT | $25,921,442 | $9,867,126 | $16,054,316 | -13.20% |
| 46 | -4 | VISION FINANCIAL MARKETS LLC | NFA | $25,223,506 | $9,227,312 | $15,996,194 | 1.49% |
| 47 | 1 | LOEB PARTNERS CORPORATION | NFA | $15,116,612 | $500,000 | $14,616,612 | -45.29% |
| 48 | -2 | PEREGRINE FINANCIAL GROUP INC | NFA | $19,369,716 | $5,153,995 | $14,215,721 | -6.55% |
| 49 | 3 | FX SOLUTIONS LLC | NFA | $17,628,006 | $5,000,000 | $12,628,006 | -4.35% |
| 50 | 3 | ELECTRONIC BROKERAGE SYSTEMS LLC | NFA | $12,860,631 | $500,000 | $12,360,631 | 10.79% |
| 52 | -- | ENSKILDA FUTURES LTD | CME | $20,936,198 | $9,028,032 | $11,908,166 | -19.58% |
| 53 | -15 | I TRADE FX LLC | NFA | $16,054,896 | $5,000,000 | $11,054,896 | -2.92% |
| 54 | -23 | LIMESTONE TRADING LLC | NFA | $11,320,591 | $500,000 | $10,820,591 | 13.26% |