Citi has launched a three-month charity drive designed to raise money for non-profit education organisations.
From yesterday (October 1st) until the end of 2013, a percentage of institutional client FX transaction volumes executed will be donated through the 'e for Education' scheme.
The organisation's FX electronic trading platform is called Velocity and not only provides real-time pricing, but also offers one-click trading in a number of currencies and post-trade activity figures.
Jeff Feig, Citi's global head of G-10 FX, said the company recognises the importance of helping children get access to a good education.
"We believe 'e for Education' is the first and certainly the largest effort by a firm seeking to translate its electronic FX trading activity into philanthropic dollars," he added.
Six organisations from across the globe has been selected to receive the funding and although specific targets have not been set, they can expect a significant investment.
By Tony Aynsley