In a business as young as client clearing, it’s impossible to call any firm a gnarled old veteran. But Barclays is perhaps as close as it comes. Having been signing client mandates since the earliest days of central clearing, it’s widely thought to have a bigger market share and cleared more volume than any other competitor. That experience has stood it in good stead, enabling it to score a number of firsts in 2013, as well as play an active role in discussions with regulators.
The bank was the