São Paulo — Citi is now offering institutional clients of its U.S-based Futures Commission Merchant (FCM) carrying broker services for trading in the Brazilian futures market at B3S.A. – Brazil Stock Exchange and Over-the-Counter Market (“B3”).
Through its FCM, Citi provides an efficient, capital effective way for clients to access the Brazilian market. The FCM relies entirely on Citi’s network of local affiliates throughout the clearing, settlement and loading of clients’ positions. Local brokerage Citigroup Global Markets Brasil CCTVM S.A. and local custodian Citibank DTVM S.A. are the members of B3 that will service in the administrative and operational management of futures contracts, as well as managing clients’ collaterals, ensuring they are handled by Citi end-to-end, enabling a superior operational experience for clients.
“In providing solutions that facilitate cross-border trading, we underscore our commitment to meeting our clients’ clearing, settlement and administrative and operational management requirements across international markets,” said Jerome Kemp, Global Head of Futures, Clearing and FXPB. “Our clients place a high value on our ability to leverage our understanding of local market practices and procedures and to provide them with access to significant growth markets such as Brazil.”
Citi is one of the world’s largest participants in exchange-traded derivative markets and has also established itself as a market leader in OTC Clearing and FX Prime Brokerage. Citi offers institutional clients a comprehensive range of products and services, including central clearing; global execution on all major futures exchanges; top tier e-Trading platforms, and premier post-trade online reporting tools. The firm provides the breadth and scope of a world market leader while engineering solutions tailored to clients’ specific requirements.
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.
Citi is the most globalized bank in the world, with over 200 years of operation, 105 of them in Brazil.
Present in 98 countries, 23 of them in Latin America, Citi is the largest US bank in assets present in the country. We offer a complete portfolio of financial products and services in all markets we operate: Trade Finance, Local and International Cash Management, Custody, Derivatives, Foreign Exchange, Project Finance, Mergers and Acquisitions, Structured Operations and Capital Markets (ECM & DCM).
We serve clients in more than 160 countries, handling an average of US$ 4 trillion daily, with the capacity to make transfers and payments in more than 25 currencies. No other bank offers clients the possibility to centralize their treasuries in more than 100 countries. In Brazil, Citi offers a full range of financial services focused on serving corporate, institutional and wealthy clients. We serve governments, investors, large and medium-sized enterprises, and high net worth families that count on our local and global expertise to achieve the highest growth and economic progress indicators.
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