Citi joins eFX trading services in a single dealer platform Velocity 3.0

Furthermore, Velocity 3.0 works across all popular operating systems and can be accessed through any browser. Citi describes the new single dealer platform as “platform-independent technology.”

Citi noted that Velocity 3.0 is 71% faster with deal booking and 94% faster with order placement response compared with Citi’s classic platforms.

The global investment bank further explained in its official statement that consolidating its eFX trading offering into a single platform address issues such as of liquidity availability, operational resilience and transparency resulting from fragmentation of eFX services.

Jon Lofthouse, Global Head of Markets Technology at Citi, added:

Velocity 3.0 solves this problem, by delivering Citi’s best-in-class eFX offerings for clients via a single point of integration. The unified enterprise infrastructure and HTML 5 support high-performance streaming libraries that enhance the display of real-time data and the registration of one-click executions. By leveraging the latest in cloud technology and the use of Micro Front Ends, Velocity 3.0 is an agile, scalable solution allowing for rapid addition of new features and allows Citi to respond to client feedback promptly.

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