Investment bank Citi has launched CitiFX Pro, an online foreign exchange (FX) trading platform for active individual and small institutional traders. CitiFX Pro is now available in the US, where users can try a free demo and apply for a trading account. The product will be launched in other parts of the world over the next few months.
Citi teamed up with online investment bank Saxo Bank to develop the new platform. Its creation was first announced in November 2007.
Citi says CitiFX Pro offers clients a range of global major and emerging market currencies coupled with extensive price and other data, as well as institutional-level trading technology.
The firm adds that through the new platform, clients can access state-of-the-art trading capabilities in more than 130 currency pairs. CitiFX Pro offers streaming prices with one-click trading and order management tools. Users also receive dedicated service and other features such as 24-hour news and charting and analytical tools.
“We believe this platform will complement our product suite and support our strategy to be a provider of world class FX solutions in all client segments,” said Jeff Feig, Citi’s global head of G10 Foreign Exchange, in a statement.