CitiFX consolidates all eFX trading platforms into HTML 5-based single dealer Velocity 3.0

Rick Steves

“Velocity 3.0 scales as an operating system upon which an FX industry platform can be built, delivering the best of both proprietary and 3rd party solutions to meet our clients’ ever-changing needs.”

CitiFX has announced the consolidation of its portfolio of eFX trading platforms for corporate and professional investor clients with the launch of Velocity 3.0, the new single dealer.

Velocity 3.0 is an operating system that rebuilds CitiFX’s client user interface in HTML 5 on a strategic web code base in order to deliver CitiFX Pulse, Citi Velocity Trading, Citi Velocity Research, and CitiFX Click.

“eFX à la carte via a host of connectivity solutions”

Ala’a Saeed, Global Head of Electronic Platforms at CitiFX, said: “Velocity 3.0 provides a complete client offering: clients can mix-and-match the best of what CitiFX has to offer, delivering eFX à la carte via a host of connectivity solutions. The new HTML architecture framework has boosted performance across the platform, allowing us to bring together our richest digital solution to date. What’s more, Velocity 3.0 scales as an operating system upon which an FX industry platform can be built, delivering the best of both proprietary and 3rd party solutions to meet our clients’ ever-changing needs.”

According to Citi, Velocity 3.0 greatly enhances the previous capabilities offered by CitiFX’s classic platforms:

• Velocity 3.0 is 50% faster with a cold start, 30% faster with a hot start
• 71% faster deal booking
• 94% faster order placement response
• The Velocity 3.0 blotter loads 65% faster and filters 15% faster than the classic CitiFX Pulse blotter.

CitiFX tackles fragmentation as a result of platform proliferation

Built on HTML5 technology and accessible across all popular operating systems from any browser, the platform-independent technology can be deployed flexibly across devices, whether web, desktop, or mobile.

Arguing that fragmentation as a result of platform proliferation has had important implications for liquidity availability, operational resilience and transparency, Citi wants to address clients needs to optimize how and where they source liquidity as they demand fully integrated solutions for both execution and workflow.

Jon Lofthouse, Global Head of Markets Technology at Citi, commented: “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.”

CitiFX’s new single dealer Velocity 3.0 aims to meet client needs while simplifying technology, and strengthening operational resilience, to deliver an optimized performance and client experience.

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