Citi Recognized for Innovation, Leadership in Derivatives Clearing

Citi has once again been named Derivatives Clearing Bank of the Year by GlobalCapital for the sixth straight year. The award was presented at the annual Americas Derivatives Awards gala in New York which honor the companies, innovations and people that have had the biggest impact on the derivatives markets in the region during the past 12 months.

“We are extremely proud to have won this award for our sixth consecutive year,” said Jerome Kemp, Global Head of Futures, Clearing and Collateral. “It’s a testament of our continued success and our ability to deliver innovative solutions to the market year after year.”

“The derivatives clearing business continues to be a top priority for the firm as regulatory reform is implemented globally, and the market moves away from bilateral swaps and towards cleared products,” said Mariam Rafi, North American Head of OTC Clearing. “We have invested strategically to grow the business and are well positioned to meet the needs of our clients.”

“Once again Citi has distinguished itself, not just in its expertise and ability to innovate for more efficient derivatives clearing, but also in its advocacy for a better functioning industry,” said GlobalCapital editors.

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.

In addition to Derivatives Clearing Bank of the Year, Citi also won Derivative House of the Year and Research and Strategy House of the year awards.

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

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