Number of US futures brokers continued to drop, according to CFTC data
Seven of the ten top US futures brokers
saw their clearing units lose business to smaller rivals
earlier this year, according to new data from the US Commodity
Futures Trading Commission.
Some of the biggest Futures Commission
Merchants (FCMs), including market leader Goldman Sachs, JP
Morgan and Morgan Stanley, saw a drop in customer assets
between March and April this year, with only three of the
world’s top ten clearing brokers reporting a rise
in client funds.
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