CitiConnect Securities is an open architecture, standardised global platform providing full trade life-cycle services for equities, collective investment schemes and investment funds, including hedge funds. The equity trading capability provides Citi’s clients access to a network of 3rd party brokers, including its own broker Citi global markets.
This venture will allow Citi clients the ability to route ETP orders through CitiConnect Securities to Winterflood Securities where they will be able to execute their orders through Win-X, the Winterflood Securities FIX order routing platform which allows clients to either execute their order against Winterflood Securities’ internal pool of liquidity or route through to Winterflood Securities’ dedicated sales trading desk. Moreover, the service will subsequently be extended to include other asset types.
Nick Titmuss, managing director of EMEA investor services at Citi, said: “We are delighted to extend our CitiConnect product offering to include Winterflood Securities’ exchange traded product set to our investor client base. Winterflood as a ETP market maker offer an unrivalled product depth, deep liquidity pools and market leading technology platforms that will compliment CitiConnect for Securities.”
Philip Yarrow, director of electronic trading at Winterflood, said: “We welcome the opportunity of partnering with Citi in order that the CitiConnect client base can benefit from our extensive coverage and expertise in the marketplace for exchange traded funds and exchange traded commodities. Through our highly automated trading platform, WIN-X, CitiConnect clients will benefit from a real-time dealing service in London Stock Exchange listed ETP’s and those of other international exchanges.”
