Client margin at Wedbush unit up 46% in April
Futures and options clearing unit saw largest monthly increase across all FCMs
Required client margin held by Wedbush Securities’ futures and options (F&O) clearing unit rose 46% between March and April – the largest monthly increase percentage-wise across the 47 reporting futures commission merchants (FCMs).
Data from the Commodity Futures Trading Commission (CFTC) shows the broker-dealer held $4.3 billion of required segregated customer funds to cover their F&O trades at end-April – the highest amount on record. A year earlier, client margin stood at $1.9 billion.
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