CitiFX turns on Intelligent Orders via Velocity

From September, clients of CitiFX who are trading on the Velocity platform will be able to configure and run Silent Partner and Ripple execution strategies.

First Published by e-Forex News: October, 2009

From September, clients of CitiFX who are trading on the Velocity platform will be able to configure and run Silent Partner and Ripple execution strategies. The bank has seen a steady pickup in demand for their algorithmic execution products and need to be able to provide clients with the best possible interface to handle these types of orders.

CitiFX turns on Intelligent Orders via Velocity

The Velocity interface provides Citi with the scope to bring advanced functionality & new strategies to market very quickly. Clients who like to use execution algorithms are comfortable with holding market risk during the course of an execution, in doing so they need full visibility & control over the progression of a fill.