Where do you find FCM's financials?

[blueraincap]

I am looking for US FCM's financial statements, similar to below for US b/d http://www.sifma.org/uploadedFiles/...-Industry-Financial-Results-SIFMA.xls?n=75591

I could only find http://www.cftc.gov/MarketReports/FinancialDataforFCMs/index.htm which does not provide FCM's revenue info.

Thanks.

 

[blueraincap]

by the way, is there any restriction to entering into CTA or OTC trading by FCM? I am not aware of any FCM that is also trading OTC derivatives or is a CTA.

 

[rmorse]

Many larger FCMs have trading desks to offer liquidity to their clients for swaps and OTC trades. They just have to follow NFA/CFTC rules.

 

[loyek590]

I am looking for US FCM's financial statements, similar to below for US b/d http://www.sifma.org/uploadedFiles/...-Industry-Financial-Results-SIFMA.xls?n=75591

I could only find http://www.cftc.gov/MarketReports/FinancialDataforFCMs/index.htm which does not provide FCM's revenue info.

Thanks.

I hear ya, and even if you find them, they are hard for a non accountant to evaluate

 

[rmorse]

We do business with FC Stone. They are a public company. http://ir.intlfcstone.com/

http://ir.intlfcstone.com/releasedetail.cfm?ReleaseID=911444&CompanyID=AMDA-MQNVA

 

[blueraincap]

We do business with FC Stone. They are a public company. http://ir.intlfcstone.com/

http://ir.intlfcstone.com/releasedetail.cfm?ReleaseID=911444&CompanyID=AMDA-MQNVA

Yes, when I looked through the FCM list, I only found fcstone to be relevant. ADMIS' can only be found from its listed parent ADM, which doesnt offer much about the sub.

I was more thinking about getting FCM's financials and compare their revenue breakdown (brokerage, interest income, OTC market making, etc) to some potential chinese brokers. However, since china is 90%+ retail driven and US is 90%+ institutional driven, I now doubt the comparison would be useful.

 

[rmorse]

Going to be hard to find those details. What do you hope to do with the results?

 

[blueraincap]

Going to be hard to find those details. What do you hope to do with the results?

To see how the chinese brokers will evolve and PL will look like in the future as their market matures.

 

[blueraincap]

i am a little surprised to see such as a high% of sales in physical commodity trading. I thought FCstone would have a higher % in brokerage.

 

[rmorse]

I have never looked at the numbers that closely. I only care what services they provide and that they have a stable capital base. You will see the Net capital increase soon as they are combining the securities operation with the FCM. I thing the capital might double. I find them excellent to work with. They also provide a research portal that provides daily reports.