FCM capital requirements surge to record highs

- By Joshua Walker
- 09 Apr 2026

Capital requirements at US futures commission merchants (FCMs) hit a record $49.1 billion at the end of January, with 10 major firms reaching new highs.

The aggregate requirement increased 4.1% during the month and 20.7% over the previous 12 months – the fastest proportional growth since the equivalent period to January 2021 and the largest in absolute terms since at least 2015.

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