Citi Enhances FX Execution for Investor Clients with Order Scheduling

Citi today announced the enhancement of its single-dealer foreign exchange platform, CitiFX^® Pulse, with new functionality that provides investor clients with the flexibility to stage orders directly from their own Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term management system for automatic local market execution at a specified time. Previously, clients could only send FX orders manually to the platform for immediate execution.

“CitiFX Pulse is a platform that was designed for professional traders, in partnership with our clients,” said David O’Byrne, global product head of FX platforms and distribution at Citi. “This enhancement frees up valuable trading bandwidth for our clients and allows them to tailor execution times to their workflow.”

CitiFX Pulse is an online suite of electronic FX execution tools that provides users with access to Citi resources, including pre-trade research and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term, local market execution and post-trade transaction cost analysis, according to the bank.

Through CitiFX Pulse, clients continue to have access to local market execution across 80 different countries where Citi has an onshore presence.

Developing digital capabilities

“The new interface offers end-to-end workflow efficiency and transparency, from order staging, to client execution and ultimately settlement,” said Sanjiv Sawhney, global head of custody and fund services at Citi.

“It is an example of how we are developing digital capabilities to enhance the client experience and decision making processes,” he added.

Citi recently announced the launch of a hedged share class analytics framework and visualisation tool to help cross-border fund managers understand the performance of a currency hedged share class, an enhancement to Citi’s passive currency overlay services.

With over $22.3 trillion of assets under custody and administration and the proprietary network spanning over 60 markets, Citi’s custody and funds services business provides clients with local market expertise, processing technologies and a wide range of fund services that can be tailored to meet clients’ needs.