Citi rolls out revamped FX algo execution platform
US bank’s new-look platform aims to provide algos for Asia and Latam NDFs
Citi is rolling out a totally new foreign exchange algo platform that will include new dynamic strategies and improvements to existing ones. It is also offering algos for non-deliverable forwards (NDFs) for the first time.
The bank has been piloting the new product with a small number of clients since last year. The full roll-out across its single-dealer platform and external venues will begin in a few weeks.
Mark Meredith, global head of FX e-trading and algorithmic execution at Citi, says
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