{"id":418457,"date":"2021-01-21T07:32:09","date_gmt":"2021-01-21T12:32:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=418457"},"modified":"2021-01-21T07:32:09","modified_gmt":"2021-01-21T12:32:09","slug":"citi-launches-new-futures-algorithm-platform","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/citi-launches-new-futures-algorithm-platform\/","title":{"rendered":"Citi Launches New Futures Algorithm Platform"},"content":{"rendered":"

<\/p>\n

Citi Launches New Futures Algorithm Platform<\/b><\/p>\n

Introduces \u2018Arrival\u2019 Flagship Intelligent Execution Strategy<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nCiti has launched a new suite of intelligent execution algorithms for global listed derivatives. These algorithms have been specifically engineered for the futures markets and are available across all major exchanges in the North America, Europe and Asia Pacific regions.\n<\/p>\n

\n\u201cWe are delighted to announce the official launch of our new suite of smart algos, the result of a multi-year, strategic investment in our electronic execution capabilities,\u201d said Sabrina Wilson, Global Co-Head of Futures, Clearing and FX Prime Brokerage (FCX). \u201cWe\u2019ve made a number of key hires to drive this effort, bringing in expertise and a fresh perspective on our clients\u2019 needs. The result is a global solution that focuses on individual market microstructure.\u201d\n<\/p>\n

\nThe flagship algorithm, Arrival, is an implementation shortfall strategy that has been engineered from scratch on the new platform. Named after its price benchmark, Arrival works to minimize slippage (deviation of the actual price from the benchmark) by balancing the cost trade-off between market impact and price volatility, across a variety of market conditions in real time. Arrival combines into one simple access point a collection of strategies, each tuned to specific market microstructure situations.\n<\/p>\n

\n\u201cOur clients don\u2019t want to enter numerous parameters to execute an order,\u201d said Gordon Ball, Citi\u2019s EMEA Head of Futures Electronic Execution. \u201cThe complexity of operating an intelligent algorithm and fine tuning customizations sits with us, so our clients can focus on their overall investment and trading objectives.\u201d\n<\/p>\n

\nWith the industry trend towards multi-asset trading desks and the convergence of best practices, the more sophisticated algorithms and TCA tools regularly used in equities are now being adapted for fixed income and commodity trading. \u201cIt was critically important for us to build algorithms specifically for listed derivatives, catering to the unique characteristics of these diverse instruments and their market microstructures,\u201d added Wilson.\n<\/p>\n

\nCiti\u2019s advances in algorithm development include the capture of more detailed instrument and contract specific information to enable dynamic modeling of the order book and adaptive behavior to optimize execution performance. The platform is designed to accommodate different investment objectives and risk tolerances, providing solutions for clients\u2019 diverse requirements.\n<\/p>\n

\nCiti\u2019s suite of futures execution algorithms include other intelligent benchmark algorithms such as TWAP, VWAP and Close; as well as a broad range of tactical strategies and smart order types.\n<\/p>\n

\nCiti, 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.\n<\/p>\n

\nActual introduction of the product is dependent upon applicable laws, regulations and approvals.\n<\/p>\n

\nThis communication is issued by a member of the Sales and Trading Department of Citigroup Global Markets Inc. and intended for institutional investors only. For important disclosures and disclaimers please see https:\/\/icg.citi.com\/icg\/data\/documents\/ST_ExternalDiscl.pdf<\/a><\/p>\n

\nAdditional information may be found at http:\/\/www.citigroup.com<\/a> | Twitter: @Citi | YouTube: http:\/\/www.youtube.com\/citi<\/a> | Blog: http:\/\/blog.citigroup.com<\/a> | Facebook: http:\/\/www.facebook.com\/citi<\/a> | LinkedIn: www.linkedin.com\/company\/citi<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210121005046\/en\/<\/a><\/span><\/p>\n

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Scott Helfman +1 212-816-9241\n<\/p>\n

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Citi Launches New Futures Algorithm Platform Introduces \u2018Arrival\u2019 Flagship Intelligent Execution Strategy NEW YORK–(BUSINESS WIRE)– Citi has launched a new suite of intelligent execution algorithms for global listed derivatives. These algorithms have been specifically engineered for the futures markets and are available across all major exchanges in the North America, Europe and Asia Pacific regions. \u201cWe are delighted to announce the official launch of our new suite of smart algos, the result of a multi-year, strategic investment in our electronic execution capabilities,\u201d said Sabrina Wilson, Global Co-Head of Futures, Clearing and FX Prime Brokerage (FCX). \u201cWe\u2019ve made a number of key hires to drive this effort, bringing in expertise and a fresh perspective on our clients\u2019 needs. The result is … <\/p>\n

Continue reading “Citi Launches New Futures Algorithm Platform”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-418457","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCiti Launches New Futures Algorithm Platform - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/citi-launches-new-futures-algorithm-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citi Launches New Futures Algorithm Platform - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Citi Launches New Futures Algorithm Platform Introduces \u2018Arrival\u2019 Flagship Intelligent Execution Strategy NEW YORK–(BUSINESS WIRE)– Citi has launched a new suite of intelligent execution algorithms for global listed derivatives. These algorithms have been specifically engineered for the futures markets and are available across all major exchanges in the North America, Europe and Asia Pacific regions. \u201cWe are delighted to announce the official launch of our new suite of smart algos, the result of a multi-year, strategic investment in our electronic execution capabilities,\u201d said Sabrina Wilson, Global Co-Head of Futures, Clearing and FX Prime Brokerage (FCX). \u201cWe\u2019ve made a number of key hires to drive this effort, bringing in expertise and a fresh perspective on our clients\u2019 needs. 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