JP Morgan hoovers up $1.5bn of client margin in Q1
Required client margin held by JP Morgan’s swaps clearing unit jumped by $1.6 billion (13%) – the biggest increase of the 17 reporting futures commission merchants (FCMs) – in the first quarter of this year, data from the Commodity Futures Trading Commission (CFTC) shows.
Margin in the amount of $13.4 billion was reported by the bank at end-March, giving it the third-largest share of the aggregate total across FCMs with 13.6%, behind Morgan Stanley’s 16.4% and Citi's 26.7%. JP Morgan’s share
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