Citi launches FX e-commerce platform

Citi officially launched CitiFX Velocity, the bank's new global foreign exchange e-commerce platform for professional traders, in Asia-Pacific on Wednesday.

Users will be able to customise orders and deal execution, while having access to constant streaming prices for spot, forwards and options transactions. The platform covers all stages of the process, that is, pre-trade, trade and post-trade. Citi's market research and technical analysis will also be available to clients.

The platform has the advantage of incorporating the latest technology and features from scratch and is easy to use and adapt for individual purposes. It allows customised screens and order management, including stack pricing filling parts of large orders at different prices simultaneously at a...