FCM Margin: Record $173bn Surge

by Archynetys Economy Desk

Required margin for cleared swaps grew to a record high at US futures commission merchants (FCMs) in the first half of June, data from the National Futures Association shows.

The 17 reporting firms held a combined $173.2 billion in client margin requirements as of June 16, up 1.5% over the previous two weeks.

Among the major firms, Royal Bank of Canada had the largest proportional rise, with margin

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