C Citigroup Inc.

Citi Live on CurveGlobal

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 plc’s derivatives market (LSEDM) and LCH, a leading global clearing house.

CurveGlobal is a venture between London Stock Exchange Group, a number of leading dealer banks, together with the Chicago Board Options Exchange.

Jerome Kemp, Global Head of Futures, Clearing and Collateral at Citi commented, "We are delighted to join the growing number of futures firms capable of delivering CurveGlobal's products to our clients, and are excited about the prospects for continued growth."

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”.

About Citi

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.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://new.citi.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

EN
15/03/2017

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