Citi to focus on just five FX spot platforms

More venues face axe as US bank says it wants to route 90% of e-volume through small group of vendors

Citigroup HQ, New York
Citi headquarters, New York

Citi is cutting ties with another 15 spot foreign exchange trading platforms over the next year, and ultimately plans for 90% of its external electronic volumes to come from just five vendors.

“What that means is that outside of five vendors, all vendors will be marginal to us, and from our perspective, could be offboarded,” says Al Saeed, global head of FX electronics platform and distribution at Citi.

Saeed declines to name the five vendors that are in-line to take the lion’s share of the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

FX automation: mission incomplete?

This FX Markets webinar delves into the evolution of FX trading desks, the challenges to automating trade workflows, and what vendors and liquidity providers are doing to address this

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: