FXone partners with Citi to offer liquidity through its algo trading platform
San Francisco, CA – March 18, 2014 — FXone – Seabury Financial Solutions announced its partnership with CitiFX TradeStream to bring turn-key algorithmic trading on CitiFX TradeStream’s liquidity to mid-sized institutions and active professional traders.
FXone, an institutional algo trading platform provider, has been adding new partnerships with leading liquidity providers at a rapid pace to meet customer demand, with over a dozen added in just the last 6 months.
CitiFX TradeStream is an aggregated FX liquidity solution designed for mid-sized institutional customers to access high-quality liquidity sourced from multiple contributors (including Citi) whilst facing Citi as a single counterparty.
Rosario M. Ingargiola, CEO at FXone, said “We are very pleased to announce our partnership with Citi and that we have successfully completed FIX certification for accessing CitiFX TradeStream liquidity directly through FXone. Our clients will benefit greatly from access to Citi’s one-stop margin FX trading solution.”
Alex Knight, Head of Citi’s FX Margin Trading, said “FXone is an excellent complement to our focus on serving systematic trading clients. It doesn’t make sense for these traders to spend valuable time and resources building their own integration with liquidity sources before deploying algorithmic trading strategies. With this turn-key offering, FXone and CitiFX Tradestream significantly reduce the time and cost required to start trading.”
FXone provides an out-of-the-box algo trading solution with a full featured GUI for custom automated trading, a server side EMS for low latency FIX based trading and market data access, as well as a high-performance tick database for capturing and archiving tick data and serving it upon demand.
Mr. Ingargiola said “In addition to delivering the easiest automated trading strategy development environment integrated with CitiFX TradeStream’s liquidity, we also extend CitiFX TradeStream’s FIX API capabilities by providing stop order types within the FXone Server, our ultra-low latency EMS, which are not natively supported. The partnership leverages the respective strengths of both offerings to deliver maximum value for clients.”
The FXone – CitiFX Tradestream solution, hosted in Equinix NY4 has an ultra-low-latency cross-connect. FXone is available to qualified firms without any upfront or fixed recurring costs or long-term commitments. FXone – CitiFX Tradestream demo accounts can be arranged for free upon request. For more information please contactsales@fxone.com or call +1 212-284-1141.
About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
About FXone – Seabury
FXone – Seabury Financial Solutions provides liquidity neutral, high-performance FX trading technology solutions to leading sell-side and buy-side customers. FXone’s vertically integrated solution includes the industry’s most flexible User Interface, a full OMS/EMS with API, Liquidity Aggregator, Smart Order Router, Matching Engine, Tick Database and web based Administration Portal with PB Credit Controls. Additional information may be found on www.fxone.com.