Citi’s swaps clearing unit boosts client margin by $2bn

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 margin for $14.3 billion total. 

Credit Suisse took on $746 million of required margin in Q2, for $11