Citi poised to launch retail platform

There is a lot of buzz swirling around the retail FX community that Citi is about to enter the market.

Talk is that the bank has done a deal with Denmark’s Saxo Bank, one of most familiar names in the sector, to provide the technology for its platform.

The rumoured partnership seems similar to the deals struck between Deutsche and FXCM, and ABN Amro and UBS, who got together with Oanda. However, unlike those deals, it is not believed to be a flow arrangement; the bulk of the liquidity on the platform will come from Citi.

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