Latest Citi News: Finextra Research

Citi to roll out Moody's KMV CreditMark platform

US banking giant Citigroup is rolling out the CreditMark loan pricing platform from credit risk outfit Moody's KMV to its global client base and internal trading desks.

07 March 2007

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Investment bank consortia sift through technology options

The seven investment banks behind Project Turquoise - a pan-European equities trading platform that will compete with the region's exchanges - have stepped up their search for a vendor to build the system, while the nine-member Project Boat banking collective have settled on Markit and Cinnober as suppliers for a new trade reporting platform for European equities.

22 January 2007

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Investment banks to launch European equities platform; compete with exchanges

A group of seven global investment banks have agreed to establish a pan-European equities trading platform that will compete head-to-head with the region's domestic stock exchanges following the introduction of the EU's Markets in Financial Instruments Directive (MiFID).

15 November 2006

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Citi trader pleads guilty to bogus dealing

The former head of Citibank's energy-derivatives trading desk inflated trading profits by entering bogus data into the bank's computer model in a bid to improve his job prospects and boost his bonus.

28 September 2006

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Lava launches 'Timeslice' algorithm for laying off FX

Citigroup's trading technology subsidiary Lava Trading is adding an algorithmic tool called Timeslice to its foreign exchange platform which enables traders to execute large orders over a period of time with minimal market notice or impact.

21 September 2006

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Investment banks to establish pan-European trade reporting system

A group of nine leading investment banks have signed a letter of intent to pool their trade transparency data and create a pan-European platform for the collection and sale of trading data that will bypass those operated by exchanges.

19 September 2006

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Fixed income dealers to set up LiquidityHub swaps service

A group of ten investment banks have joined forces to form LiquidityHub, a central fixed income pricing aggregator which is initially being introduced for dealer-to-client prices on euro and dollar interest rate swaps and US Treasurys.

14 July 2006

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Citibank Japan hit by systems glitch

Citibank says a computer glitch at its branches in Japan has caused more than a quarter of a million incorrect transactions over the past week.

10 May 2006

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Banks partner to build swaps pricing system

A group of eleven banks have signed a letter of intent to form a joint venture to establish a new price data system for the interest rate derivatives market.

28 February 2006

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Citigroup signs for Reveleus Basel II package

Citigroup is implementing risk management technology from i-flex subsidiary Reveleus to comply with the forthcoming Basel II capital regulations.

16 January 2006

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Algorithmics to deliver Citigroup credit risk models

Toronto-based risk management vendor Algorithmics is to distribute Citigroup's global suite of credit risk models over its own credit model platform.

11 January 2006

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MTS wise men punish Citi with one month trading ban

Citigroup Global Markets is to be suspended from trading on electronic bond network MTS for one month as punishment for its role in a controversial EUR11 billion trade conducted in August last year.

07 October 2005

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