Tag: Citi

November 16, 2023 BY Elizabeth Anderson

Citi leverages blockchain technology for FX trades

This means the application can be applied to any fiat currency pair. Reportedly, this on-chain solution offers real-time quotes and record trades on a blockchain, supporting fixed and cryptographically secured stores of relevant data. Only counterparties can access the details for quotes and trades, as per the compliance surrounding regulatory requirements. According to reports, Citi’s…

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February 24, 2023 BY Steffy Bogdanova

Citi joins eFX trading services in a single dealer platform Velocity 3.0

Furthermore, Velocity 3.0 works across all popular operating systems and can be accessed through any browser. Citi describes the new single dealer platform as “platform-independent technology.” Citi noted that Velocity 3.0 is 71% faster with deal booking and 94% faster with order placement response compared with Citi’s classic platforms. The global investment bank further explained…

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July 13, 2022 BY Steffy Bogdanova

Illuminate Financial announces investment from Citi

Sandeep Arora, Head of Digital and Chief Investment Officer of Citi's Institutional Clients Group, said: Citi has a strong track-record of partnering with FinTechs to build digital solutions for our clients and believe this strategic investment will provide earlier visibility into new technologies and complement our direct investing program. Mark Beeston, Founder and Managing Partner…

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October 11, 2021 BY Alan Sayer

Mastercard and Citi expand partnership for small business support

Miguel Gamino, Executive Vice President, Enterprise Partnerships and Head of Global Cities and City Possible, commented: Cities need to think about how to adapt to a digital world in a way that leverages technology to bring more people into the digital economy. Partners like Citi allow us to continue to expand the range of solutions…

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August 17, 2021 BY Steffy Bogdanova

Nathan Sheets rejoins Citi as Global Chief Economist

In the Spring of 2010, in the beginning of the European fiscal crisis, Sheets acted as Fed Chairman’s international adviser. His contribution was essential in the Federal Reserve Board’s global emergency lending program during the global financial crisis. Sheets also worked at the International Monetary Fund as senior advisor to the US Executive Director, while…

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Forex Weekly Look Back
March 13, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: global markets assess virus spread

Looking back at the most intriguing and popular Forex industry news from the past week at LeapRate. This Wednesday, the Bank of England cut interest rates by 50 basis points to 0.25% in a near unprecedented step, taking them back to a record low level not seen since the financial crisis. Reacting to the expected fallout…

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Citi names Daniel Young its Head of equities for Australia and New Zealand
March 09, 2020 BY Steffy Bogdanova

Citi cuts ties with two-thirds of FX platforms

Citi has shared its intention to reduce its global ambitions in the foreign exchange space since launching a review back in October of last year. To do so Citi will drop almost two-thirds of the trading platforms it gives currency quotes. The bank has made changes to its vendor platform requirements and cut 12 of…

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February 06, 2020 BY Steffy Bogdanova

Cobalt launches Citi in on its infrastructure for bilateral trading

The London-based fintech, Cobalt, announced yesterday the launch of Citi on its post-trade infrastructure for bilateral flow. Citi has been an investor in the Forex post -trade platform, Cobalt, since 2016. Powered by distributed ledger technology (DLT), its infrastructure creates a standardized record of all Forex trades that could be applied to banks, buyside, prime…

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