Citi’s swaps clearing unit boosts client margin by $2bn
The largest FCM accounts for 27.1% of all required client margin
Required client margin held by Citi’s swaps clearing unit surged 8% to $28.3 billion in Q2 – making it the fastest-growing futures commission merchant over the three months to end-June.
The second-largest increase was posted by Morgan Stanley, at $907 million in size, which pushed its total amount of required client margin to $17.1 billion. JP Morgan came third, adding $874 million of client
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