Best provider of FX clearing: Citi

Christopher Perkins at Citi
Christopher Perkins, Citi

When it comes to mandatory central clearing, foreign exchange is something of a neglected middle-child, losing out to rates and credit, which have moved to clearing this year, at least in the US. Forex clearing is unlikely be mandated in the US before the second half of 2014, and even then only for non-deliverable forwards (NDFs).

Some might view that as an advantage, given the widespread resistance to tinkering with a market that has functioned reasonably well through the crisis, but clearing

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