Citi has launched Citi Futures and Options Smart Execution (CFOX SE) - a comprehensive suite of futures and options trading features, Transaction Cost Analysis (TCA) and order monitoring tools on its Citi Futures and Options Execution (CFOX) platform.
The integration of these tools will help facilitate direct client supervision of Algorithmic orders side by side with those entered via the CFOX Graphical User Interface, the FIX protocol or leading third party Execution and Order Management Systems. Clients can see the details of algorithmic orders in real-time, while the TCA function provides the cost breakdown as trades are executed, giving real-time feedback on execution quality.
CFOX is available to clients worldwide via local access points across Europe, North America and Asia and has access to 51 markets. The Smart Execution suite includes 17 advanced Synthetic Order Types, 4 Benchmark Algorithms, TCA and order monitoring functions, as well as an inter-market low latency Spread Trader.
"We are offering institutional clients the types of tools they have been requesting to improve upon their user experience, increasing transparency on how their orders are executed and providing enhanced execution quality and control," said Paul Marks, Global Head of Electronic Trading Products for Futures, Clearing and Collateral. "This will provide clients with the ability to see and amend in real-time all of their futures and options order flow in a single platform, as well as track the performance of execution in real-time."
"While enhancing the overall client experience, these tools will give market participants the execution, command and control they desire in a transparent and compliant fashion," added Jerome Kemp, Global Head of Futures, Clearing and Collateral.
Citi Investor Services provides fund managers with access to an end-to-end set of flexible investment solutions with leading capabilities in four distinct areas: Prime Finance and Agency Securities Lending; Futures, OTC Clearing and Collateral Management; Global Custody Services and Global Fund Services.