Client margin up 39% at HSBC’s F&O unit in January
FCM reports highest amount since Q2 2020
Required client margin held by HSBC’s futures and options (F&O) clearing unit in the US rose almost 39% in January to the highest level since May 2020.
Data from the Commodity Futures Trading Commission (CFTC) on the 47 reporting futures commission merchants (FCMs) shows the bank held $4.7 billion of required segregated customer funds to cover their F&O trades at end-January. A year earlier, that
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