New York, NY – Citi today launched CitiFX Pro, an online foreign exchange (FX) trading platform for active individual and small institutional traders. CitiFX Pro is now available in the U.S., where users can try a free demo and apply for a trading account. The product will be launched in other parts of the world over the next few months. The website, www.citifxpro.com, provides more information about the product.
With a 100-year legacy in the FX markets, Citi is uniquely positioned to provide active traders with real-time access to the FX market – the world's largest financial market with more than $3 trillion in volume traded each day, according to the latest BIS survey. CitiFX Pro offers its clients a breadth of global major and emerging market currencies coupled with extensive price and other data as well as institutional-level trading technology.
Through this new platform, clients can access state-of-the-art trading capabilities in more than 130 currency pairs. CitiFX Pro offers streaming prices with one-click trading and sophisticated order management tools sufficient to meet even the most demanding execution needs. In addition, users receive dedicated client service and other features such as 24-hour news and charting and analytical tools.
As previously announced in November 2007, Citi teamed up with Saxo Bank to create CitiFX Pro. The trading platform brings together the strength, security and liquidity of the world's largest bank and the technological excellence of product and service delivery of Saxo Bank, the foremost provider of online margin FX trading.
Jeff Feig, Citi's Global Head of G10 Foreign Exchange commented, "We are very excited about the launch of CitiFX Pro. We believe this platform will complement our product suite and support our strategy to be a provider of world class FX solutions in all client segments."
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi’s major brand names include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Nikko. Additional information may be found at www.citigroup.com or www.citi.com.
Saxo Bank A/S
Saxo Bank A/S is a modern investment bank specializing in online investments in international Capital Markets. Saxo Bank enables clients to trade currencies, shares, CFDs, futures, options and other derivatives, as well as providing portfolio management via our online trading platform, SaxoTrader. SaxoTrader has been developed by Saxo Bank and is available to today's investor directly through Saxo Bank or through one of our global partnerships, where it forms an integral part of their infrastructure. One of Saxo Bank's significant areas of business is White Labelling. This involves the bank's online trading platform being customized and branded for other financial institutions and brokers. Saxo Bank has more than 100 White Label Partners and thousands of clients in over 177 countries. The bank's website www.saxobank.com receives approximately 65,000 visitors every day. Saxo Bank currently employs more than 1,200 employees from 57 different countries. Saxo Bank has its headquarters in Copenhagen, with operating offices in London, Geneva, Zurich, Singapore and Marbella. It also runs a representative office in Beijing and an IT development center in St. Petersburg.