Citi Launches CitiFX Pro Trading Platform in UK

Citi has launched CitiFX Pro, its online foreign exchange Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for experienced individual and small institutional traders, in the United Kingdom. Following successful launches in the US, Hong Kong and elsewhere in Asia, CitiFX Pro is now available to UK traders who qualify as “professional clients,” as defined by the rules of the Financial Services Authority. Until now CitiFX Pro service wasn't available to UK clients so for them this is exciting news.

Sasha Serebrinsky, Citi’s Manager of Margin Foreign Exchange for Europe and the Middle East said, “The UK launch of CitiFX Pro offers UK-based clients all of the advantages of trading FX through a global leader, including excellent Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and access to its highly regarded research and market commentary. We offer experienced individuals and small institutions a flexible product with tight pricing, which could make a difference to our clients’ bottom line.”

CitiFX Pro offers highly competitive pricing to UK clients – as low as 1.2 pips in the EUR/USD. The CitiFX Pro platform provides liquidity in over 130 currencies and research from local sources in key markets. Clients can access accounts and trade on a real-time basis on four platforms: CitiFX Pro Desktop, Web, Mobile and MetaTrader 4.

Sanjay Madgavkar, Global Head of Margin Foreign Exchange trading at Citi, said, “The UK launch of CitiFX Pro is an important step for our global business. We are pleased to bring our value proposition of cost-effective trading and great technology and liquidity to clients in a key global FX market. We look forward to launching CitiFX Pro in other markets in Europe and Asia in 2011.”

About CitiFX Pro

CitiFX Pro is Citi’s online forex trading platform for experienced individual and small institutional clients including commodity trading advisors, broker-dealers, money managers, and hedge funds. Additional information may be found at www.citifxpro.com.

About Citi

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.