Merrill Lynch hoovered up $1.5bn of client margin in October

Required funds for F&O rose 66%, bucking trend across major FCMs

Required client margin held by Merrill Lynch for futures and options (F&O) trades rose $1.5 billion in October – the second-highest level on record.

The latest available data from the Commodity Futures Trading Commission (CFTC) shows the futures commission merchant held almost $2.6 billion of required segregated customer funds to cover F&O trades – a 66% increase over the previous month.

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