London Citi is pleased to announce the successful launch of its CitiFX Wire news service, which went live to the banks' clients in EMEA and the Americas at the end of August. The bank plans to extend the service to clients globally.
"The early feedback from our clients is that they appreciate our efforts to keep them fully informed of developments in the FX markets in real time," says Anil Prasad, Global Head of Foreign Exchange and Local Markets at Citi. "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."
Over CitiFX Wire, the bank delivers formal content including strategy, technical analysis and research, as well as informal content packaged into a service entitled DeskTalk.
The CitiFX Wire team is embedded on the bank's trading floors and is headed by Lee Oliver, a former FX trader and financial journalist.
"Pulling together all of the information we possess and then delivering it on CitiFX Wire creates real value for our clients," says Simon Jones, Citi's Global Head of FX eTrading. "This is just the first phase of this project and we will continue to add functionality and services to CitiFX Wire to meet the information needs of our customers."
CitiFX Wire is already available on the bank's FX trading platforms CitiFX Velocity and CitiFX Pulse, as well as a variety of other channels.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, Citi provides 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, transaction services, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.