Wells Fargo’s F&O client margin reached new high in January
Required funds up $380m, pushing FCM’s month-end figure past pandemic peak
Wells Fargo held $6.89 billion of required client margin for futures and options trades on January 31, its largest end-month amount since at least 2015.
The latest figure released by the Commodity Futures Trading Commission (CFTC) edged past the previous record of $6.87 billion, which was set at the start of the Covid-19 pandemic in March 2020. The new high was driven by a 5.5% rise in required margin in January, following a 12.2% increase in December. As a result, Wells Fargo overtook ADM
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