Client margin up 8% at Barclays’ swaps clearing unit
UK bank bucks trend and overtakes Wells Fargo to become sixth FCM by share in August
Required client margin held by Barclays for swaps trades rose $1.1 billion or 7.7% to $15.5 billion in August – an all-time high for the futures commission merchant.
The increase bucked a downward trend across the 12 reporting US FCMs, which saw eight collect less margin than in July, resulting in an aggregate decline of $923 million. Following the latest surge, Barclays overtook Wells Fargo to
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