Citi launches FX platform for individual investors in US

Source: Citi

Citi today launched CitiFX Pro, an online foreign exchange (FX) trading platform for active individual and small institutional traders.

CitiFX Pro is now available in the US, where users can try a free demo and apply for a trading account. The product will be launched in other parts of the world over the next few months.

With a 100-year legacy in the FX markets, Citi is uniquely positioned to provide active traders with real-time access to the FX market -- the world's largest financial market with more than $3 trillion in volume traded each day, according to the latest BIS survey. CitiFX Pro offers its clients a breadth of global major and emerging market currencies coupled with extensive price and other data as well as institutional-level trading technology.

Through this new platform, clients can access state-of-the-art trading capabilities in more than 130 currency pairs. CitiFX Pro offers streaming prices with one-click trading and sophisticated order management tools sufficient to meet even the most demanding execution needs. In addition, users receive dedicated client service and other features such as 24-hour news and charting and analytical tools.

As previously announced in November 2007, Citi teamed up with Saxo Bank to create CitiFX Pro. The trading platform brings together the strength, security and liquidity of the world's largest bank and the technological excellence of product and service delivery of Saxo Bank, the foremost provider of online margin FX trading.

Jeff Feig, Citi's Global Head of G10 Foreign Exchange commented, "We are very excited about the launch of CitiFX Pro. We believe this platform will complement our product suite and support our strategy to be a provider of world class FX solutions in all client segments."

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