Citi has launched CitiFX Pro, its online foreign exchange trading platform for individual and small institutional traders in Switzerland and plans to roll out in other European countries in the next few months.
Reportedly, CitiFX Pro provides individual and small institutional traders margin accounts with access to competitive pricing and institutional-grade trading technology, including advanced order and execution functionality, liquidity in over 130 currency pairs and access to Citi’s FX market commentary. CitiFX Pro also offers FDIC coverage on all USD-denominated margin deposits.
Sasha Serebrinsky, EMEA manager, FX margin trading at Citi, said: “Switzerland has a high concentration of sophisticated FX traders ranging from private investors, family offices and money managers to small hedge funds and CTAs. We believe CitiFX Pro, with its package of trading technology, competitive pricing and suite of products tailored for the small institutional market, will be a compelling proposition for FX traders.”
