Six FCMs set record lows for target residual interest share
Brokers’ own resources are outpaced by customer funds
Six futures commission merchants (FCMs) had record low target residual interest as a share of customer funds for either swaps or futures and options in September, Risk Quantum analysis shows.
On F&Os, ADM Investor Services had target residual interest (TRI) of $75 million against customer funds of $8.6 billion – a share of 0.87%. This followed a cut in the firm’s TRI from $120 million in June – a
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