Citi and Pension Insurance Corporation Execute Fully Electronic Bilateral Multi-Asset Package List Trade

The successful execution of the first fully electronic bilateral multi-asset package list trade has occurred between Citi and the Pension Insurance Corporation (PIC), facilitated by Tradeweb. This is the latest in various developments across the market when it comes to the evolution of bilateral trading. Where complexity has meant challenging workflows this far, execution is continuing to be streamlined, and risk reduced, to expand the capabilities of the strategy.  Liu, head of GBP rates trading and head of EMEA linear trading for franchise and strategy, Citi, said: “This milestone underscores our commitment to supporting new trading workflows that streamline execution and bring innovation and efficiency to the market. We look forward to continuing to materially improve liquidity provision for our clients trading uncleared derivatives.”