The Citi never sleeps – not in trading technology anyway.
The bulge bank has launched futures trading functionality on Citi Velocity, its electronic trading platform which provides clients with access to the bank’s research and liquidity across FX, Rates and Credit.
Citi Velocity 2.0 was launched in January 2012 and the addition of futures trading was a no brainer for the bank as the buyside has been scouring new asset classes away from equities in its search for alpha.
“When clients asked us to develop a futures offering on Citi Velocity we decided to take an innovative approach, harnessing the latest financial technologies to deliver a unique trading experience,” said Paul Marks, global head of electronic trading product for futures, clearing and collateral. “This new product provides a single consolidated platform for traders to execute macro strategies and complements our wide range of existing eTrading distribution channels.”
Velocity is an integrated trading suite enabling low-latency execution times, user-tailored liquidity search capability and trade data tailored to the needs of each trader. It also presents traders a one-stop single platform from which to trade multiple asset classes on a single desktop.
The newly-added futures functionality includes a range of synthetic order types, and traders can access the platform via regional connectivity points to minimize trading latencies.