Citi has selected Fidessa for a workflow and trading platform for the bank's global listed derivatives business.
Fidessa will provide Citi with a global order management and distributed low-latency execution platform along with BlueBox, its integrated algorithmic trading engine. The solution will also deliver next-generation risk management functionality, market data and a global order routing service.
Jerome Kemp, managing director & global head of exchange traded derivatives at Citi, comments: "We are extremely excited to be partnering with Fidessa to deliver a new, market-leading, derivatives trading platform for our business globally. This is a game-changing and empowering move for Citi. We went through an extensive evaluation and selection process, and chose Fidessa for their sophisticated, integrated workflow capabilities that operate across multiple asset classes, as well as for their reputation for offering the very highest levels of service and support."
The new platform will be implemented in a number of phases, commencing later this year, leveraging Fidessa's network of hosting centres across North America, Europe, Asia Pacific and Japan, and will be integrated with Citi's own proprietary internal back-office business systems.
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