Citi translates electronic FX trading activity into charity dollars

Citi's latest philanthropic effort will see the bank hand over money to education-related non-profits based on foreign exchange trading volumes on its Velocity electronic platform.

Be the first to comment

Citi translates electronic FX trading activity into charity dollars

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The three month initiative begins today and will see six education charities in different parts of the world getting money based on a percentage of institutional client FX transaction volumes executed through Velocity.

Funds will be donated to each organisation based on the geographic location of individual Citi Velocity clients, although users can also override the default and earmark their corresponding donation to any of their choosing.

Citi says that it has not set specific fundraising goals but is also promising not to impose caps, with the amount donated determined purely by FX transaction volumes.

"We believe e for Education is the first and certainly the largest effort by a firm seeking to translate its electronic FX trading activity into philanthropic dollars," says Jeff Feig, global head, G-10 FX, Citi, unsurprisingly.

Sponsored New Report – The Future of Embedded Finance in Africa 2025

Related Company

Comments: (0)

New Report – The Future of Embedded Finance in Africa 2025Finextra PromotedNew Report – The Future of Embedded Finance in Africa 2025