Citi launches Velocity platform
Citi has announced its new trading platform for, CitiFX Velocity. “Velocity is part of Citi’s comprehensive offering to professional foreign exchange traders, and includes market analysis, insights, information to support trading decisions and strategies,” says Anil Prasad, Citi’s global head of foreign exchange and local markets.
Citi says that the new platform allows clients to trade against each other’s interests; they also have the ability to view either the full depth or the top of the book, and deal in any size. The technology has been provided by Lava, which suggests Citi is getting some benefit from its ownership.