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CitiFX Tradestream – Customizing FX Liquidity Using An Aggregated Feed

Citi’s CitiFX TradeStream was designed to provide mid-market customers with access to aggregated liquidity from top-tier providers. This solution has been built to on CitiFX’s leading technology infrastructure and credit relationship framework, as well as the CitiFX Margin Trading account structure. By using these assets, fewer intermediaries are required for the provision of liquidity to underlying customers, reducing overall transaction costs. Additionally, customers have the comfort of facing Citi as their credit counterparty.

Alex Knight, Global Head of CitiFX Margin Trading said, “As the product evolves, it has become clear that one of the greatest attributes of TradeStream lies in the ability to configure the liquidity according to the requirements of each underlying customer, and of course the ability of the liquidity partners to monetize the flow.”

Citi consciously operates a very open and transparent model and whilst the actual identity of the liquidity partners and the customers remains undisclosed, they can be tracked through their dealing codes. “Having an open and direct dialogue with the liquidity participants has been key in allowing us to meet the requirements of our customers” says Madina Bekoeva, who manages the liquidity for CitiFX TradeStream. “We have a dedicated team that works with customers and liquidity partners to provide a truly customizable, innovative solution.”

The requirement for differentiated liquidity is especially evident in some of the less widely traded currency pairs. In a report conducted by Peter D’Amario, Managing Director at Greenwich Associates, approximately 80% of FX market participants now trade some emerging markets currency. About half of market participants trade Asian currencies against their own domestic currencies, the EUR or the USD, up from 45% in 2012.* (report from Forex Magnates April 2014 issue).

TradeStream currently supports 68 currency pairs, including emerging markets currencies such as TRY, ZAR, MXN, CNH and RUB.