FCMs held record customer funds on eve of Iran war
F&O funds climbed 6% in February as seven brokers set new records
Futures commission merchants (FCMs) held a record $375.5 billion in customer funds for futures and options as of February 27, the day before the start of the US-Israeli war with Iran.
Across 49 reporting FCMs, required customer funds climbed 6.2% in February to surpass the previous peak of $354.6 billion set in October 2025.
Seven major FCMs set individual records. Customer funds at Goldman Sachs
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