US futures commission merchants (FCMs) held a record $198.7 billion in customer funds for swaps transactions in mid-May, a 3.7% increase from two weeks prior and 19.3% over the past year. Wells Fargo and Bank of America saw the sharpest upticks, while Barclays and BNP Paribas reached new highs.
Record customer fund levels in swaps indicate increased activity and potential risk management by market participants, reflecting growing engagement in derivatives markets.
US futures commission merchants (FCMs) reported a record $198.7 billion in customer funds for swaps transactions as of mid-May. This figure represents the highest level recorded since data collection began in 2012.
The total amount of customer funds held by FCMs for swaps saw a 3.7% increase in the two weeks preceding mid-May. On an annual basis, this represents a substantial 19.3% rise in customer funds.
Among the FCMs, Wells Fargo and Bank of America experienced the most significant increases in the customer funds they hold for swaps. Additionally, Barclays and BNP Paribas both reached new record highs for their respective customer fund balances in this category.