All of the above said systems of Citi’s smart routing logic offers clients with optimum liquidity and price improvement opportunities, while preventing information outflow.
Citi US Option Electronic Execution head Kevin Murphy said providing traders with speed, liquidity and the desired degree of exposure is essential in evolving markets.
"Citi continues to be the leader in option execution quality, leaning on our deep knowledge of market structure and extensive experience in the equity and option industries," Murphy added.
The new options smart algorithmic suite comprises many strategies for enhanced order execution, flexibility and improved implementation performance, claims the US bank.
Apart from the TWAP and SmartPeg strategies, Citi is deploying equity options to its flagship algorithm with multiple levels of aggression.
Citi has also expanded its algorithmic platform to various non-US geographies including Mexico, Brazil and Canada.
