Citi has become the fourth member of the Euromoney top five to enter the retail FX market, following the relatively recent moves of Deutsche Bank, RBS and UBS. Like its peers, Citi has decided to partner with an established player in the retail segment, choosing Saxo Bank to provide some of the technology and client support services.
The platform, called CitiFX Pro, will be targeted at sophisticated individuals and smaller institutional traders. It will initially be rolled out in the US, before a phased, global rollout in 2008.
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