Citi enables futures trading on Citi Velocity platform

Global banking and investment giant Citigroup Inc (NYSE:C) today announced the addition of Futures trading functionality on Citi Velocity, the distinguished trading platform which already provides clients with access to Citi’s research and liquidity across FX, Rates and Credit.

Velocity 2.0, which was first launched in January 2012, is continuously upgraded to include new features and asset classes. It offers clients an integrated trading suite enabling fast execution times, enhanced liquidity and trade data tailored to the needs of each 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. In addition, traders can access the platform via regional connectivity points – hence, they can cut trading latencies.

citivelocity_logoJerome Kemp, Global Head of Futures, Clearing and Collateral, commented: “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.”

To view the official announcement, click here.

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