Latest Citi News: Finextra Research

EC charges banks, Isda and Markit in CDS investigation

EC regulators say that 13 investment banks, the International Swaps and Derivatives Association (Isda) and Markit breached antitrust rules by colluding to prevent exchanges from entering the credit derivatives business.

01 July 2013

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Citi files Nasdaq OMX compensation claim over Facebook IPO

Citi has filed a claim with Nasdaq OMX to receive compensation relating to the exchange operator's botched Facebook IPO but has not ruled out further legal action, according to Reuters.

09 April 2013

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Finra names Citi's Steven Randich CIO

The Financial Industry Regulatory Authority (Finra) has named Citigroup's co-chief information officer Steven Randich as EVP and CIO.

28 February 2013

/regulation

Citi CTO: Banks should 'do no harm'

Don Callahan, chief technology and operations officer at Citi discusses Google Wallet learning curves, his personal frustrations with banking and how banks should seek to 'make customers lives easier'.

30 January 2013

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Icap sells Traiana stake to banks

Icap has sold a 12% stake in Traiana to a group of seven bank customers in a deal valuing the foreign exchange post-trade processing platform at $300 million.

14 January 2013

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Nasdaq forced to cancel trades

Nasdaq OMX was forced to cancel pre-market trades in nine stocks, including Citi and Goldman Sachs, yesterday after they caused huge price swings.

14 December 2012

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Japanese regulator slams Citi's risk management IT

Citi has been ordered to overhaul its risk management systems by Japan's Financial Services Agency, which has sanctioned the US bank for the way it has tried to sell investment products to retail customers.

19 December 2011

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Citi chooses Fidessa for global derivatives platform

American banking giant Citi has contracted UK vendor Fidessa for the provision of a workflow and trading platform for its global listed derivatives business.

11 October 2011

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Dodd-Frank will push 60% of OTC volumes to central clearing

The Dodd-Frank Act will lead to around 60% of current US over-the-counter (OTC) derivatives market by volume being cleared centrally, according to Citi.

13 July 2011

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CFTC appoints data standardisation sub-committee members

Representatives from the ISO, Goldman Sachs, Google and Swift are among the members of a new technology advisory sub-committee on data standardisation set up by the CFTC.

24 June 2011

/regulation

EC launches antitrust probe into CDS market

The world's biggest investment banks are being investigated in two European Commission antitrust probes into the credit default swaps (CDS) market.

03 May 2011

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Swift links securities matching system to multiple CCPs

Financial messaging outfit Swift is set to link its securities matching system to a range of central clearing counterparties, including EuroCCP, Six x-clear and LCH.Clearnet, enabling brokers to direct their matched off-exchange trades to a variety of providers.

21 September 2010

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