Citi, Barclays raise FCM target residual interest 28% in June

Backstop funds also marginally up as a proportion of required customer funds

The futures commission merchant (FCM) arms of Citi and Barclays each increased target residual interest (TRI) for futures and options (F&Os) by 28% in June, data from the Commodity Futures Trading Commission (CFTC) shows.

TRI – the amount the FCM communicated to its regulator it intends to keep on hand in the event a customer cannot meet its requirements – was $446 million at Citi, up 28.1% or $98 million compared with May. The target amount equated to 2.8% of required customer funds in the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here