Total FCM client business dropped slightly between April and May this year
UBS Securities saw a big surge in client
business between April and May this year, while six of the
other top 10 futures commissions merchants reported losses or
flat results, according to new data from the US Commodity
Futures Trading Commission.
UBS Securities saw a 13% rise in client
business to $9.5 billion and rose one spot in the
CFTC’s futures commission merchants (FCM) rankings
to the fifth place, previously occupied by Citigroup,
which saw an 8% drop in assets to $8.2 billion.
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