Citi makes decent fist of covered trading

Electronic trading_adobe_575x375
By Bill Thornhill
13 Aug 2020

Citi has taken market share from other banks in the past year to become one of only four that account for 60% of all secondary market covered bond volume traded on Bloomberg so far this year, thanks to a combination of devoting balance sheet to trading and having the appetite to take risk.

Based on data compiled by Bloomberg JP Morgan, Citi, Santander and BNP Paribas collectively account for 60% of notional covered bond volume traded in the secondary market so far this year.

What is unusual about this is that Citi, with a market share of around 13%, ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial