Citi Match users were misled about HFTs operating in the dark pool for more than two years, according to the SEC.
New appointments made across equities, prime, futures and securities services, and fixed income within Citi’s ETF business.
Citi is building out its futures, clearing and collateral business with two new hires from Goldman Sachs.
Lee Waite, who previously led the division, was appointed chief executive officer of Citi’s Japanese securities and banking units in June.
Derivatives platform truePTS launched just under three months ago, but trueEX confirms it is looking for a buyer.
TransFICC has secured a strategic investment from Citi and has become the first external company to join its Innovation Lab in London.
The US regulator says that Citi traders mismarked illiquid positions in proprietary accounts they managed, leading to $81 million loss.
Nine financial institutions will participate in a proof of concept for platform powered using blockchain technology to share and use various services.
Citigroup Global Markets in Asia overlooked a system failure within its dark pool and failed to hand out guidelines to clients.
Bank of America Merrill Lynch has lost several senior sales and trading staff to Citi over the past year.