Citi's CitiConnectSM For Securities Adds More Than 400 U.S. Brokers From NYFIX Marketplace

Expansion of Integrated Trade Execution-to-Settlement Platform Offers Greatly Broadened Market Coverage and Additional Liquidity Options

SIBOS: BOSTON, NEW YORK – Citi Markets & Banking today announced that CitiConnectSM for Securities, its integrated trade execution-to-settlement platform, is greatly expanding its offering by adding over 400 brokers in the United States from the NYFIX Marketplace. The Marketplace network enables broker-dealers, institutions and exchanges to interact electronically with one another.

“By accessing these additional brokers on the NYFIX Marketplace,” says Curtis Brill, Managing Director of Electronic Markets, Securities and Fund Services, Citi Markets & Banking, “CitiConnect for Securities provides clients with access to FIX connectivity for electronic trading and order routing over one of the financial industry's largest communications networks. This capability greatly expands our clients' market coverage and liquidity options in trading their current equity flows. Using the NYFIX Marketplace can also speed connectivity to trading counterparties, since so many firms are already connected to the members of that community.”

CitiConnect for Securities is an integrated online operating platform for equities execution, settlement and safekeeping. With a broker-dealer base that provides access to 45 markets around the world, CitiConnect for Securities offers clients broad market coverage and increased liquidity.

“Because CitiConnect for Securities is an 'open platform',” explains Citi's Brill, “we can continue to expand the scope of its capabilities to include more asset classes, geographies and counterparties (e.g., custodians, broker dealers, etc.), so that additional market participants can take advantage of its benefits.”

For clients, CitiConnect for Securities offers:

  • Secure, flexible access to major markets;
  • Interaction with a broker of choice;
  • Real-time trade life cycle information;
  • Reduced internal processing costs;
  • Automatic generation and sending of settlement instructions to Citi for clearing and custody;
  • Improved straight-through processing rates; and
  • Capability to view a complete audit trail of each trade's life cycle, streamlining the trading and settlement process.

“Clients also benefit from the combined strengths of the NYFIX Marketplace for executing, and Citi as local market custodian, with CitiConnect for Securities,” says Citi's Brill. “Clients can extend this benefit to other brokers as desired, leveraging CitiConnect for Securities' open architecture and use of industry-standard messaging protocols for easy connectivity to additional service providers.”

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About Citi
Citi Markets & Banking is the most complete financial partner to corporations, financial institutions, institutional investors and governments in the world. As a global leader in banking, capital markets, and transaction services, with a presence in many countries dating back more than 100 years, Citi enables clients to achieve their strategic financial objectives by providing them with cutting-edge ideas, best-in-class products and solutions, and unparalleled access to capital and liquidity.

Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing 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, and wealth management. Major brand names under the trademark red arc include: Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.