Citi has extended its electronic trading infrastructure to provide business clients round-the-clock access to the global markets.
According to the financial services provider, the upgrade allows for overnight queuing and enables investors to modify, acknowledge and cancel self-directed trades at any time.
Previously, global trading systems included structural barriers to execution in local markets but this new system removes what Citi describes as “certain limitations” surrounding next-day equity algorithmic and DMA orders.
Dan Keegan, co-head of Citi Global Electronic Markets, said: “We’re pleased to expand our global reach. With this upgrade, Citi can offer clients unique opportunities to efficiently manage orders across EMEA, Asia and the Americas.
“We are dedicated to helping our customers trade, whenever, wherever and however they want across global equity markets.”
Mani Singh, head of Non-Dollar Electronic Sales, added that the new product should help raise standards for global electronic trading access.
Last month, Steve Sawson, Citi’s co-global head of the bank’s electronic trading unit, announced his plans to leave the firm in order to pursue other opportunities.
By Jim Ottewill
