London - Citi, a founding member of CurveGlobal, is now able to provide execution and clearing capabilities for interest rate derivatives futures through the London Stock Exchange's derivatives market (LSEDM) and LCH, the clearing house.
CurveGlobal is a venture between London Stock Exchange Group, a number of leading dealer banks, together with the Chicago Board Options Exchange.
CurveGlobal's aim is to develop a competitive offering via LSEDM which has Recognised Investment Exchange status in the interest rate futures market, delivering lower transaction costs, and capital efficiencies through LCH SwapClear's recently announced interest rate portfolio margining solution.
Andy Ross, CEO of CurveGlobal added, "When we launched CurveGlobal, our aim was to create a new future for derivatives trading and clearing and we are delighted that Citi has become the latest global member to execute on the platform. Citi brings both trading and clearing services to CurveGlobal, as we look to further build volumes and open interest".