London Stock Exchange Group (LSEG) has reached an agreement with Citigroup Inc. (Citi) to acquire The Yield Book and Citi Fixed Income Indices, a fixed income analytics platform and index business comprising a family of fixed income indices (including the WGBI) (together the “Business”) for a total cash consideration of $685 million (£535 million), subject to customary adjustments (the “Acquisition”).
Citi is providing financial resolution for secondary market transactions conducted over Nasdaq's Linq Platform, using distributed ledger technology from Chain to address the challenges of liquidity in private securities by streamlining payment transactions between multiple parties.
Citadel Securities and XTX Markets have signed up as launch partners for the live implementation of Cobalt's FX post-trade processing network, a DLT-based platform founded by currency trading veterans Andy Coyne and Adrian Patten.
Citigroup has launched an API for payment initiation, payment status, and account balance inquiries at corporate treasury workstations and enterprise resource platforms.
Fidessa group plc (LSE: FDSA) today announced a key new appointment for its sell-side business: Chris Monnery is now the US Head of Product Marketing for Electronic Execution.
Citi is replacing physical tokens with an app-based mobile log-in for authentication of corporate treasury professionals logging in to the bank's online platforms.
The U.S. Commodity Futures Trading Commission (CFTC) issued an Order today filing and settling charges against Citigroup Global Markets Inc. (Citigroup) for spoofing — bidding or offering with the intent to cancel the bid or offer before execution — in U.S. Treasury futures markets and for failing to diligently supervise the activities of its employees and agents in conjunction with the spoofing orders.
In collaboration with UBS, Clearstream and Citi have designed an innovative market-side network model that enables banks and broker-dealers to optimise their operating models and reap the maximum benefit from TARGET2-Securities (T2S), the Pan-European settlement platform operated by the Eurosystem.
Citi and Deutsche Bank have joined pre-trade fixed income utility Neptune.
Citi announces the launch of a powerful new analytical tool for use by its specialists to advise global institutions and help them identify efficiencies in their use of banking channels and connectivity options for their treasury and shared service center operations, thus enhancing a company’s ability to manage their cash and risk, and providing valuable strategic input to develop a more secure and efficient treasury environment.
© Finextra Research 2017