FCM capital requirements surge to record highs
Buffers over minimums fall to decade lows as requirements outpace capital
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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