JPM Securities holds fifth of F&O customer funds
Gap to second-largest FCM widens to record high as segregated funds surpass $70bn
Customer funds for futures and options at JP Morgan Securities surpassed $70 billion for the first time in September, returning to account for a fifth of the total across 49 reporting futures commission merchants (FCMs) for the first time in four years.
Growth of 4.1% over the month to September 15 brought the firm’s amount of funds it is required to segregate for F&O customers to $70.6 billion
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