BofA Securities defies year-end pullback with record F&O customer funds
December growth contrasts with broader FCM retrenchment from October peak
BofA Securities saw customer funds for futures and options (F&O) hit an all-time high of $34.4 billion in December, bucking the trend among US futures commission merchants (FCMs) over the last two months of 2025.
The FCM’s customer funds climbed 4.4% in the first fortnight of December, extending a previous record of $33 billion set on December 1.
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