Citi has cleared its maiden credit default swap (CDS) trades on ICE Clear Credit. Since 2009, the firm has cleared $6 billion worth of CDS for clients across ICE platform ICE Trust and the Chicago Mercantile Exchange (CME).
For interest rate swaps, Citi has cleared trades for four of five buy-side founding members of CME’s platform. It has also cleared interest rate swaps through LCH Swapclear’s U.S. and European solutions.
