Citi grows US swaps margin share in 2018

Required client margin at Citi’s swaps clearing unit increased by $4.6 billion (22%) in 2018 – the most of the 17 reporting futures commission merchants (FCMs), regulatory data shows.

Of the other top US swaps clearing brokers, Goldman Sachs grew required margin by $1.6 billion (36%); Barclays $1.2 billion (25%); Wells Fargo $818 million (12%); and Merrill Lynch $700 million (12%).

JP Morgan and Morgan Stanley added $429 million (4%) and $76 million (1%), respectively. Credit Suisse was the