Best provider of FX clearing: Citi

The US bank wins for the second year running

perkins-citi
Christopher Perkins, Citi

Waiting for a mandate to be established by the Commodity Futures Trading Commission (CFTC) could be likened to waiting for ages at a bus stop, looking expectantly for your double decker to come hurtling around the corner, only for two of the same number to come along in succession.

Once the CFTC issues a clearing mandate for non-deliverable forwards (NDFs), following an awfully long wait for the industry, swap execution facilities (Sefs) could follow shortly after with a made-available-to-trade

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