The bank said upgrade removes the certain limitations for sending, managing and executing next-day equity algorithmic and DMA orders as well as addressing the structural barriers to global self-directed trading order management.
Historically, global electronic trading access included a complex set of systemic barriers to execute in non-local markets.
According to the Citi, the new, globally integrated platform provides overnight queuing and the ability to acknowledge, modify and cancel self-directed trades 24 hours a day, seven days a week.
Citi Global Electronic Markets co-head Dan Keegan said with this upgrade, Citi can offer clients unique opportunities to efficiently manage orders across EMEA, Asia and the Americas.
Citigroup Non-Dollar Electronic Sales head Mani Singh said global clients face challenges in managing non-local orders; this new Citi infrastructure goes a long way in addressing their concerns.
