Citi Expands Brokerage Services In Charge To B3 Futures Markets In Brazil


São Paulo – Citi now offers institutional clients of its US-based Futures Commission Merchant (FCM) transportation brokerage services to trade in the Brazilian futures market at B3S.A. – Brazil stock exchange and over-the-counter market (“B3”).

Through its FCM, Citi provides customers with an efficient and cost effective way to access the Brazilian market. FCM relies entirely on Citi’s network of local affiliates for the clearing, settlement and loading of client positions. Local brokerage Citigroup Global Markets Brasil CCTVM SA and the local custodian Citibank DTVM SA are the members of B3 who will ensure the administrative and operational management of the futures contracts, as well as the management of client guarantees, ensuring that they are processed by Citi from start to finish. end, enabling a superior operational experience for customers.

“By providing solutions that facilitate cross-border transactions, we underscore our commitment to meet the clearing, settlement, and administrative and operational management requirements of our clients in international markets,” said Jerome Kemp, Global Head of Futures. , clearing and FXPB. “Our customers value our ability to leverage our understanding of local market practices and procedures and provide them with access to important growing markets such as Brazil. “

Citi is one of the world’s largest participants in exchange-traded derivatives markets and has also established itself as a market leader in OTC clearing and FX Prime Brokerage. Citi offers institutional clients a full range of products and services, including central clearing; global execution on all major futures exchanges; leading e-commerce platforms and leading post-trade online reporting tools. The company offers the breadth and reach of a global market leader while designing solutions tailored to specific customer needs.

About Citi

Citi, the world’s largest bank, has approximately 200 million accounts receivable and operates in more than 160 countries and jurisdictions. Citi provides consumers, businesses, governments and institutions with a wide range of financial products and services, including consumer banking and credit, business and investment banking, securities brokerage, wealth management and transaction services.

Citi Brazil

Citi is the most globalized bank in the world, with more than 200 years of activity, 105 of which in Brazil.

Present in 98 countries, including 23 in Latin America, Citi is the largest American bank in terms of assets present in the country. We offer a comprehensive portfolio of financial products and services in all the markets in which 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 over 160 countries, handling an average of US $ 4 trillion per day, with the ability to make transfers and payments in more than 25 currencies. No other bank offers its customers the possibility of centralizing their cash flow in more than 100 countries. In Brazil, Citi offers a full range of financial services focused on serving businesses, institutions and the wealthy. We serve governments, investors, large and medium-sized businesses and wealthy families who rely on our local and global expertise to achieve the highest indicators of growth and economic progress.

This material is for informational purposes only and does not constitute an offer to buy or sell any securities, even though mentioned here. This document presents information for different investment profiles, and investors should check and pay attention to information specific to their investment profile, as the information in this document is not suitable for all investors. Investments made by investors for their portfolios are subject to several risks inherent in the markets and the assets included in the portfolio, including, without limitation, market risk, credit risk, liquidity risk, currency risk , concentration risk, risk of loss of invested capital and the provision of additional resources, among others.


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