aiSource
INVESTMENT ALTERNATIVES.
TRUSTED ADVICE
Menu

2015 Top FCMs

Categories:
  • Managed Futures 101
  • Industry News
  • For Trader's/CTA's

With 2016 right around the corner, we wanted to share with you one of our most popular blog posts: an updated list of the top FCMs. When doing research in selecting a futures commission merchant, or FCM, (i.e. custodian) to house your managed futures portfolio, it can be difficult to find a resource to assist in your decision making process.  The best tool the aiSource team has found is the yearly rankings put together by Futures Magazine that rank the Top FCMs each year based on total customer equity. The 2015 rankings by Futures Magazine contains the top 30 FCMs based on customer funds as of August 31st, 2015. Here is the list:



2015 Top FCMs

                               *Courtesy of Modern Trader Magazine


The top ten FCMs on the list are institutional specific FCMs that do not house accounts smaller than $10M in size. FCMs that aiSource uses to house its clients' accounts all fall between spots ten through twenty: R.J. O'Brien, (#10), FC Stone (#20), Rosenthal Collins Group (#22).  R.J. O'Brien is the largest FCM that is available to all types of clients; as of August 31st, 2015, they had $4.1 Billion in client funds. The FCM selection process is different based on the specific needs of each client, and our clients are evenly divided amongst the three FCMs that we use.

Some FCMs that managed futures investors should stay away from are the ones that are not equipped to handle managed futures accounts.  In the above chart, in the column second from the right titled "Managed Funds (Y/N)," we can easily see which FCMs do not accommodate managed accounts. Time and time again, aiSource has seen novice investors get attracted by "low commissions," and open an account with Interactive Brokers (#14) or TradeStation (#30) and face hardship when facilitating the needs of a managed account.  Interactive Brokers and TradeStation are both great FCMs, but they are better suited for self-directed traders. 

As an independent brokerage/investment advisory firm, aiSource has the ability to house its client accounts at any FCM.  We are always looking to develop new FCM relationships and offer those to our clients, but based on our experience, R.J. O'Brien, FC Stone, and Rosenthal Collins Group are some of the best firms at handling managed futures accounts. 


List of 2016's Top FCMs

Disclaimer: Past performance is not indicative of future results. Futures trading involves substantial risk of loss and may not be suitable for everyone. By no means is this newsletter/blog post offering any investment advice or suggesting to make any trade recommendations. Please consult an aiSource advisor prior to opening any managed futures accounts.


CTA DATABASE

Sign up to access hundreds of different managed futures programs in our CTA database.

aiSOURCE NEWS

Get the latest reports in managed futures, straight from the Source. Enter your email and get the news.

aiTRACKER

A simple way to monitor your CTA portfolio without the hassle of looking at FCM statements.

Past performance is not necessarily indicative of future results. Trading commodity futures, options, and foreign exchange ("forex") involves substantial risk of loss and is not suitable for all investors. In no way is the advisor of the month a direct recommendation of aiSource or any of its affiliates. Please carefully review the disclosure documents and any other promotional material prior to investing with any program. Managed accounts and/or managed futures are very risky and may not be suitable for all investors. Please consult with a Managed Futures specialists prior to investing.