Citi Futures & OTC Clearing
Citi's Derivatives Clearing business consolidates Futures, OTC Derivatives and Derivatives Intermediation activity in order to provide clients with a comprehensive and consistent service experience.
Citi Futures is one of the world's largest participants in exchange-traded derivative markets and has also established itself as a market leader in the evolving OTC Clearing world, with more than $11 billion in customer-segregated funds as at 31 October 2013.
We offer institutional clients a comprehensive range of products and services, including:
- central clearing
- global execution on all major futures exchanges
- top tier e-Trading platforms, and
- premier post-trade online reporting tools
We provide the breadth and scope of a world market leader while engineering solutions tailored to clients' specific requirements. We maintain our headquarters in New York, with other sales centers in strategic global locations, including Chicago, London, Hong Kong, Singapore, Sydney and Tokyo.
As a clearing member which provides services that involve us clearing derivatives through an EU central counterparty ("EU CCPs") we are required to, under the European Markets Infrastructure Regulation ("EMIR"), publically disclose the levels of protection and costs associated with the different types of account available at EU CCPS an describe the risks associated with the different levels of segregation. In coordination with the FOA and ISDA, we have therefore prepared a disclosure document for the purposes of Article 39(7) of EMIR to give clients an overview of the different account models and levels of protection associated with them. This disclosure document is available through the following link:
Please note that we may have to update the disclosure document as and when CCPs finalize their arrangements and rules and such updates will be published on this website. Further the disclosure document does not yet provide the costs associated with these accounts. As required by EMIR, details of costs associated with clearing and related services will be published publically on our website as they become available.
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