CitiFX Pro
Encyclopedia
CitiFX Pro is Citigroup
's online foreign exchange market
trading platform for active individual and small institutional clients including commodity trading advisor
s, broker-dealers, money managers
, and hedge funds. The company is currently live in U.S., European and Asian markets, with headquarters in New York and with offices in London, Singapore and Hong Kong.
CitiFX Pro offers trades in over 130 currency pairs Settlement is always in the customer’s base currency. CitiFX Pro also offers streaming prices with one-click trading and order management tools.
The CitiFX Pro service was launched in the United States in March 2008 and in Hong Kong and Singapore in September, 2008.
In February, 2009, the company added Federal Deposit Insurance Corporation
(FDIC) insurance on US dollar deposits placed as margin for trading.
Later in 2009, CitiFX Pro became available on MetaTrader, the widely used technical analysis and programmatic FX trading platform. That same year, the company introduced CitiFX Pro Mobile, a mobile version of the CitiFX Pro trading platform. The platform supports Application Program Interface via FIX protocol
(API-FIX) to allow for automated execution of trades for FX traders using automated price feeds into their trading application. This allows clients to send orders for execution into CitiFX Pro’s pricing engine. CitiFX Pro clients also receive access to Citi research.
for the second year in a row.
Other awards received in 2011 include:
Industry awards received in 2010:
Industry awards in 2009:
Citigroup
Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate...
's online foreign exchange market
Foreign exchange market
The foreign exchange market is a global, worldwide decentralized financial market for trading currencies. Financial centers around the world function as anchors of trading between a wide range of different types of buyers and sellers around the clock, with the exception of weekends...
trading platform for active individual and small institutional clients including commodity trading advisor
Commodity trading advisor
A commodity trading advisor is an asset manager who follows a set of systematic investment strategies in futures contracts and options on futures contracts. The advisors originally operated predominantly in commodities markets, but today they invest in any liquid futures market. They are...
s, broker-dealers, money managers
Investment management
Investment management is the professional management of various securities and assets in order to meet specified investment goals for the benefit of the investors...
, and hedge funds. The company is currently live in U.S., European and Asian markets, with headquarters in New York and with offices in London, Singapore and Hong Kong.
CitiFX Pro offers trades in over 130 currency pairs Settlement is always in the customer’s base currency. CitiFX Pro also offers streaming prices with one-click trading and order management tools.
History
City Bank of New York was established in 1812 and by 1895 the institution was one of the largest banks in the world. In 1897, Citi became the first U.S. bank to establish a foreign department and began foreign exchange trading that year.The CitiFX Pro service was launched in the United States in March 2008 and in Hong Kong and Singapore in September, 2008.
In February, 2009, the company added Federal Deposit Insurance Corporation
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation is a United States government corporation created by the Glass–Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. , the FDIC insures deposits at...
(FDIC) insurance on US dollar deposits placed as margin for trading.
Later in 2009, CitiFX Pro became available on MetaTrader, the widely used technical analysis and programmatic FX trading platform. That same year, the company introduced CitiFX Pro Mobile, a mobile version of the CitiFX Pro trading platform. The platform supports Application Program Interface via FIX protocol
FIX protocol
The Financial Information eXchange protocol is an electronic communications protocol initiated in 1992 for international real-time exchange of information related to the securities transactions and markets...
(API-FIX) to allow for automated execution of trades for FX traders using automated price feeds into their trading application. This allows clients to send orders for execution into CitiFX Pro’s pricing engine. CitiFX Pro clients also receive access to Citi research.
Awards and recognition
In 2011, Citi received the "Best Retail FX Platform" award from Profit & Loss MagazineProfit & Loss
Profit & Loss: In the Currency & Derivative Markets is a monthly business magazine founded in July 1999 specializing in Foreign exchange market and derivative markets.- Magazine :...
for the second year in a row.
Other awards received in 2011 include:
- Best Retail Platform
- Best FX Platform [Profit & Loss]
- Best Corporate Platform [Profit & Loss]
- Best Bank for FX Prime Brokerage [Profit & Loss]
- Best Bank for Order Management [Profit & Loss]
Industry awards received in 2010:
- Best Bank for Spot FX [FX Week]
- Best Bank for FX Structured Products [FX Week]
- Best Bank for Dollar Yen [FX Week]
Industry awards in 2009:
- Best Bank for Spot FX [FX Week]
- Best Bank for FX in North America [FX Week]
- Best Retail FX Newcomer [World Finance]
- Best Bank for Dollar/Yen [FX Week]
- Best Bank for Third-Party CLS [FX Week]