Citi Named ‘Bank of the Year for Futures and Options’ For the Third Consecutive Year

London - 9 December 2015

Citi was recognized with the “Best Bank of the Year” Award by Futures and Options World (FOW), the global derivatives publication, for the third year in a row. Decided by a panel of industry experts and based on client input, the awards honor leading innovations and product launches implemented by market players over the past year.

FOW judges praised Citi for “its growing market footprint” through a continuous focus on innovation and technology. In June 2015, Citi announced the launch of Futures trading functionality on Velocity, the award-winning trading platform which provides clients with access to Citi’s research and liquidity across multiple markets. The newly-added functionality includes a range of synthetic order types and allows traders to execute macro strategies on a consolidated platform via regional connectivity points to minimize trading latencies.

As of November 30 2015, Citi had cleared over $150 trillion in swaps notional and more than 530,000 trades for clients in 43 countries worldwide. Citi supported a number of innovative transactions throughout the past year including the first trade cleared on behalf of a European client on the Japan Securities Clearing Corporation as well as the first omnibus gross segregated account cleared on LCH.Clearnet and the first centrally cleared inflation swap ever processed on behalf of a continental European buy-side client through LCH.Clearnet’s SwapClear.

“As we continue to invest in our platform, we are honoured to receive this industry recognition for the third consecutive year,” Jerome Kemp, Global Head of Futures, Clearing and Collateral, said. “This award highlights our commitment to drive further growth and efficiency in the market by expanding the range of markets, products and solutions available to our clients”.

FOW has been providing news and analysis on global derivatives and risk management since 1982. The publication is a key source of data for the futures and options industry.

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