Citi wins double whammy for algos and Velocity platform
Five years after it first released its foreign exchange algo execution product suite, CitiFX Intelligent Orders, Citi this year wins the award for best bank algorithmic trading technology, as well as the award for most innovative bank e-trading platform, in recognition of the innovation of its recently re-launched Velocity platform.
As an increasing number of clients switch on to algorithmic execution in FX, a number of banks are developing new FX algo tools. Citi was one of the first, in 2007
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