Miguel Gamino, Executive Vice President, Enterprise Partnerships and Head of Global Cities and City Possible, commented: Cities need to think about how to adapt to a digital world in a way that leverages technology to bring more people into the digital economy. Partners like Citi allow us to continue to expand the range of solutions…
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In the Spring of 2010, in the beginning of the European fiscal crisis, Sheets acted as Fed Chairman’s international adviser. His contribution was essential in the Federal Reserve Board’s global emergency lending program during the global financial crisis. Sheets also worked at the International Monetary Fund as senior advisor to the US Executive Director, while…
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Looking back at the most intriguing and popular Forex industry news from the past week at LeapRate. This Wednesday, the Bank of England cut interest rates by 50 basis points to 0.25% in a near unprecedented step, taking them back to a record low level not seen since the financial crisis. Reacting to the expected fallout…
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Citi has shared its intention to reduce its global ambitions in the foreign exchange space since launching a review back in October of last year. To do so Citi will drop almost two-thirds of the trading platforms it gives currency quotes. The bank has made changes to its vendor platform requirements and cut 12 of…
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The London-based fintech, Cobalt, announced yesterday the launch of Citi on its post-trade infrastructure for bilateral flow. Citi has been an investor in the Forex post -trade platform, Cobalt, since 2016. Powered by distributed ledger technology (DLT), its infrastructure creates a standardized record of all Forex trades that could be applied to banks, buyside, prime…
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AccessFintech has just announced that it has teamed up with with four leading investment banks and it has completed its production launch and is live with a new industry use case, to meaningfully enhance and improve the market’s settlement exception resolution process. Citi, Credit Suisse, Goldman Sachs and J.P. Morgan have jointly launched an industry-wide…
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Citi has named Daniel Young its Head of equities for Australia and New Zealand, Australian Financial Review reported earlier today. Daniel Young has been at the bank for more than 14 years. Between his two periods at the investment bank, he worked for a handful of years at UBS. Young is going to replace Adam…
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Derivatives marketplace CME Group (NASDAQ:CME) has just informed the public that Citi (NYSE:C) and Eaton Vance Management began clearing FX Cash-Settled Forwards at CME Group. CME has already cleared two Euro / US dollar trades on January 15, 2019. CME has recently achieved Asia Pacific average daily volume (ADV) of 921,000 contracts in Q4 2018,…
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TransFICC, the specialist provider of low-latency connectivity for Fixed Income and Derivatives Markets, has just informed the public that it has secured a strategic investment from Citi. Citi joins existing shareholders, Illuminate Financial, Main Incubator (part of Commerzbank) and The FinLab. TransFICC resolves the issue of market fragmentation by providing banks and asset managers with…
Read moreCapitolis, the pioneering technology provider for the capital markets, has just announced it is live with its foreign exchange credit switching service, Capitolis Switch. Capitolis raised $29 million of venture capital funding earlier this year from Silicon Valley VCs Index Ventures and Sequoia Capital ($20 million led by Index Ventures, and a prior $9 million…
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