FCM client margin for swaps hit record high in June

JP Morgan, Barclays drive required funds increase, with UBS doubling prior-year figure

US futures commission merchants (FCMs) held $162 billion in required client margin for swaps trades at end-June, the highest level on record.

Data from the Commodity Futures Trading Commission (CFTC) shows a $2.4 billion, or 1.5%, increase on May’s figure, and a $1.8 billion jump on the previous all-time high, set in April.

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