FX news: CitiFX Wire limited
Regular readers of theweeklyFiX will remember that the previous writer of this column, Lee Oliver, left the good ship Euromoney to set up a news service at Citi.
Citi announced this week that the service was now “live to the bank’s clients in EMEA and the Americas” and that the bank “plans to extend the service to clients globally.”
“Being at the centre of the global FX market, Citi generates an enormous amount of information every day that our clients find valuable. Our intention is to make CitiFX Wire the one-stop shop for the information needs of our clients,” says Anil Prasad, global head of foreign exchange and local markets at Citi.
CitiFX Wire is available on the bank’s FX trading platforms CitiFX Velocity and CitiFX Pulse, as well as a variety of other channels.
Industry insiders predict that the Citi venture is the first of a wave of information services that will be launched by other big banks. That means the salaries for quality FX journalists are poised to go exponential. [Note the word ‘quality’ before you get too excited – Ed.]