Citi launches futures trading on Velocity
Citi has launched Futures trading functionality on Citi Velocity, the trading platform which provides clients with access to Citi’s research and liquidity across FX, Rates and Credit.
Launched in January 2012, Velocity 2.0 is continuously upgraded to include new features and asset classes. It provides clients with an integrated trading suite enabling fastest possible execution times, much enhanced liquidity and trade data tailored to the needs of each individual client. It is also a greatly simplified and streamlined platform, as various asset classes are grouped together seamlessly on a single desktop. The newly-added and comprehensive futures functionality includes a range of synthetic order types, and traders can access the platform via regional connectivity points to minimise trading latencies.
Jerome Kemp, global head of futures, clearing and collateral said: “Dynamic changes in the industry allow us to leverage technology in new ways that transform the client experience in futures execution. Our significant investment in Citi’s flagship Velocity platform re-affirms Citi’s commitment to delivering unparalleled choice, deep functionality and global reach on Citi’s client facing electronic offerings.”
Paul Marks, global head of electronic trading product for futures, clearing and collateral said: “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. This new product provides a single consolidated platform for traders to execute macro strategies and complements our wide range of existing eTrading distribution channels.”