Citi Consolidates eFX Trading Platforms into Single Dealer Platform

CitiFX has consolidated its portfolio of eFX trading platforms for corporate and professional investor clients into new single dealer platform Velocity 3.0.  Velocity 3.0 is an operating system that delivers CitiFX Pulse, Citi Velocity Trading, Citi Velocity Research and CitiFX Click, alongside rebuilding CitiFX’s client user interface in HTML 5 on a web code base. In comparison to Citi’s existing platforms, Velocity 3.0 is said to be 50% faster with a cold start and 30% fast with a hot start. The new platform offers 71% faster deal booking and 94% faster order placement response. In addition, Velocity 3.0 blotter is said to load 65% faster and filters 15% faster than the classic CitiFX Pulse blotter. The new platform is built on HTML 5 technology and is accessible on all major operating systems from any browser. The platform-independent technology offers flexibility for deployment across devices, including web, desktop or mobile, allowing for increased economies of scale. By delivering its eFX offerings via a single point of integration, Citi stated that the platform meets increasing client demand for fully integrated solutions for both execution and workflow to optimize how and where clients source liquidity from.