Bindler, global head of G10 FX at Citi, notes such shifts are unnecessary for now, due to banks' pivotal roles as the facilitators of direct relationships, even though there has been a growth in the volumes provided by high-frequency players. Citi's Velocity platform is one of the most established single-dealer platforms in the foreign exchange space and it became the US giant's flagship product after its relaunch in 2012. We continue to aggressively evolve the product in anticipation of the future needs of our clients and a prime example of this is the Citi Velocity Command Centre. Overarching or granular transaction limits can be set for traders, varying by device, instrument and currency pair. So, while headwinds persist for FX banks, commitment to the space matters more. Further, we have the instrumentation in place to capture health/performance metrics in real-time which we use not only to fine tune the application but to proactively investigate and address issues in the stack before they have the potential impact clients. Follow spot, forward and volatility markets with levels from Citis FX trading desks. Features more than 500,000 time series including spot, forward, strategy, and implied and realized vol. With tight spreads available across ECNs, we make sure we provide quality of pricing across the offering on Velocity. However, the bank is open to adapting to changes in market demand if required.
C iti Velocity offers proprietary research, real-time execution and post-trade. Market leading, award winning FX platforms and solutions for Citi clients. A t otally new Citi Velocity trading platform was released in January 2012 that offers. Citifxsm Wire: Your central source for live Citi Research, strategy, trader commen tary and intraday desk talk coming through our global team of FX journalists.
Citi Velocity SM Trading - CitiFX
Access to liquidity in over 100 currencies. We have catered to all of these through the Citi Velocity Command Centre. Clients describe Velocity as consistent, with liquidity available at above normal levels. Analytics, in what ways have you enhanced the cross-asset capabilities on Citi Velocity? How have clients responded to the added functionality? Those early innovations have now been protected with design Patents on several aspects of the execution and order submission screens. If you look at the market today and the businesses in this space, its clear there has been a big reduction in global revenue pools. With tight spreads available across ECNs, we make sure we provide quality of pricing across the offering on Velocity he says. The lack of volatility has hit customers, whose end-clients are increasingly looking to cut costs and move away from complex structures. Over the last year as we continue to define our approach to mobile trading there are two sets of distinct requirements which we look to cater for; those of the Traders and those of the Control / Compliance / Risk functions at our clients. Corporates have also started to use algos, getting increasingly comfortable with the execution style.