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HSBC leads F&O funds surge in turbulent January

US FCM adds $2.1bn in customer funds in two weeks

Customer funds at HSBC Securities USA spiked 33% in the second half of January, capping a volatile month in which futures commission merchants (FCMs) collected near-record resources from futures and options (F&O) clients.

The FCM ended January with $8.3 billion in required customer funds, up $2.1 billion from two weeks earlier and a record high. The fortnightly increase was the largest recorded at

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