WINTERFLOOD SECURITIES LIMITED JOINS CITICONNECT FOR SECURITIES
London - January 18, 2010 – Citi’s Global Transaction Services business announced today that Winterflood Securities Limited, the international capital markets firm committed to efficient and responsive liquidity provision with integrity has now joined the CitiConnect Securities platform. Winterflood Securities Limited combines classic trading values and sophisticated modern technology to deliver a range of highly-flexible execution services custom-designed for each client. This partnership will extend the network of brokers Citi is able to offer its clients for Exchange Trade Products (ETPs).
CitiConnect for Securities is an open architecture, standardised global platform providing full trade life-cycle services for equities, collective investment schemes and investment funds, including hedge funds. The equity trading capability provides Citi’s clients access to a network of 3rd party brokers, including its own broker Citi Global Markets. This venture will allow Citi clients the ability to route ETP orders through CitiConnect for Securities to Winterflood Securities Limited where they will be able to execute their orders through Win-X, the Winterflood Securities Limited FIX order routing platform which allows clients to either execute their order against Winterflood Securities Limited's internal pool of liquidity or route through to Winterflood Securities Limited's dedicated sales trading desk. The service will subsequently be extended to include other asset types.
Nick Titmuss Managing Director, EMEA Investor Services, Citi, said ’We are delighted to extend our CitiConnect product offering to include Winterflood Securities Limited's Exchange Traded product set to our Investor client base. Winterflood as a ETP market maker offer an unrivalled product depth, deep liquidity pools and market leading technology platforms that will compliment CitiConnect for Securities.
Philip Yarrow, Director of Electronic Trading, Winterflood, said, "We welcome the opportunity of partnering with Citi in order that the CitiConnect client base can benefit from our extensive coverage and expertise in the marketplace for Exchange Traded Funds and Exchange Traded Commodities. Through our highly automated trading platform, WIN-X, CitiConnect clients will benefit from a realtime dealing service in London Stock Exchange listed ETP’s and those of other international exchanges."
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through its two operating units, Citicorp and Citi Holdings, 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. Additional information may be found at www.citigroup.com or www.citi.com.
About Citi Global Transaction Services
Global Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citi’s Global Transaction Services supports over 65,000 clients. As of the third quarter of 2009, it held on average $314 billion in liability balances and $11.8 trillion in assets under custody.