back Back

Citi introduces new suite of smart algorithms for listed derivatives

By Pavithra R

January 25, 2021

  • Citi
  • Europe
Share

Citi has announced the launch of a new suite of intelligent execution algorithms for global listed derivatives. These algorithms are specifically engineered for the futures markets and are available across all major exchanges in North America, Europe and the Asia Pacific regions.

With the industry trend towards multi-asset trading desks and the convergence of best practices, sophisticated algorithms and TCA tools regularly used in equities are being adapted for fixed income and commodity trading.

The flagship algorithm, Arrival, is an implementation shortfall strategy that has been engineered from scratch on the new platform. It works to minimize slippage by balancing the cost trade-off between market impact and price volatility across various market conditions in real-time. Arrival combines multiple strategies, each tuned to specific market microstructure situations into one simple access point.

“We are delighted to announce the official launch of our new suite of smart algos, the result of a multi-year, strategic investment in our electronic execution capabilities. We’ve made a number of key hires to drive this effort, bringing in expertise and a fresh perspective on our clients’ needs. The result is a global solution that focuses on individual market microstructure,” said Sabrina Wilson, Global Co-Head of Futures, Clearing and FX Prime Brokerage (FCX).

Citi’s advances in algorithm development include capturing more detailed instrument and contract specific information to enable dynamic modeling of the order book and adaptive behaviour to optimize execution performance. The platform is built to accommodate different investment objectives and risk tolerances to offer solutions for clients’ diverse requirements.

“Our clients don’t want to enter numerous parameters to execute an order. The complexity of operating an intelligent algorithm and fine-tuning customizations sits with us, so our clients can focus on their overall investment and trading objectives,” said Gordon Ball, Citi’s EMEA Head of Futures Electronic Execution.

Citi’s suite of futures execution algorithms includes other intelligent benchmark algorithms such as VWAP, TWAP, and Close and a broad range of tactical strategies and smart order types.

Previous Article

January 25, 2021

StashAway announces assets under management (AUM) of USD 1 billion

Read More
Next Article

January 25, 2021

Codebase Technologies and BankBI help banks transform data usage

Read More








IBSi Daily News Analysis

Fraud

February 23, 2024

Citi

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 22, 2024

Revolut launches Robo-Advisor to automate investment processes

Read More

February 22, 2024

Bud & Fintech Galaxy bring AI-led Open Banking solutions to MENA

Read More

February 21, 2024

OpenPayd bolsters instant payments solutions with TrueLayer

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023