06 December 2016
Visit aciworldwide.com

Citi partners tradable on FX liquidity

11 December 2012  |  1537 views  |  0 Source: tradable

Tradable, the award-winning open trading platform, has announced a partnership with leading US multinational financial services corporation Citi.

The agreement will allow brokers on the tradable platform to trade with Citi on the CitiFX TradeStream, focusing on liquidity and margin solutions.

Tradable, the world's first open trading platform, allows traders to create a completely bespoke, online platform so they can work in a way that best suits them.

The Copenhagen-based firm introduced its integrated App Store concept where traders can download from an extensive catalogue of globally crowd-sourced apps developed by financially savvy third-party developers. Many apps have already been created for the platform and these include automated trading tools, algorithmic trading strategies, social trading apps, charting tools, and market news and data apps among others. Further app development is ongoing.

Jannick Malling, CEO and co-founder of tradable, said: "We are extremely pleased to work with Citi as a liquidity partner. It is paramount for tradable, our brokers and partners that we offer an open platform from a trading and liquidity perspective also.

We believe that brokers should be able to trade with whichever liquidity provider they want. Citi has proven to be one of the most committed liquidity companies in the industry."

CitiFX TradeStream helps small to mid-sized institutions improve their FOREX trading operations by providing a one-stop solution from Citi for counterparty relationships, as well as liquidity sourced from multiple contributors, and leading technology. The tradable partnership represents a new milestone for both Citi and its TradeStream offering.

Alex Knight, the Global Head of FX Margin Trading at Citi, commented on the new partnership: "Citi is excited to partner with tradable. We share tradable's vision of an open platform that benefits the broker, the liquidity provider and the end-client. The industry is looking for something new, and we are happy to be one of the early adopters of a model that we think is going drive innovation and h help to reshape the industry."

"We believe CitiFX TradeStream with its ultra competitive aggregated liquidity available through a margin account directly with Citi, is the perfect fit for tradable and their broker partners."

tradable, which recently won the award as the Most Innovative Financial Product at the ForexMagnates Summit last month in London, has already announced its BETA launch with six FSA regulated brokers in the UK and will announce additional global broker and liquidity partnerships in the coming months. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit aciworldwide.comVisit VocaLink.com

Who is commenting?

A Finextra member Finextra Member Commented on: Guesswork alone can cr...
A Finextra member Finextra Member Commented on: Guesswork alone can cr...
A Finextra member Finextra Member Commented on: Guesswork alone can cr...
A Finextra member Finextra Member Commented on: Guesswork alone can cr...

Top topics

Most viewed Most shared
Guesswork alone can crack Visa card security - Newcastle UniversityGuesswork alone can crack Visa card securi...
6498 views 12 comments | 15 tweets | 25 linkedin
OCC to offer fintech firms bank charter statusOCC to offer fintech firms bank charter st...
6276 views comments | 23 tweets | 15 linkedin
Bank CEOs fret about ROI as startups drive IT arms raceBank CEOs fret about ROI as startups drive...
6174 views comments | 17 tweets | 21 linkedin
Amazon signs up tech firms to financial services cloud programmeAmazon signs up tech firms to financial se...
5971 views comments | 14 tweets | 15 linkedin
hands typing furiouslyBanking Data For Third Parties
5583 views 0 | 2 tweets | 2 linkedin

Featured job

to Six-Figure Base, Commission, Benefits
London, UK

Find your next job