TITLE

Citi on Why It Decided to Buy an ECN

AUTHOR(S)
Mazzucca, Tim
PUB. DATE
February 2006
SOURCE
American Banker;2/7/2006, Vol. 171 Issue 25, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports that Citigroup Inc. executives have narrow near-term plans for its new electronic communications network: cutting trading costs and giving institutional customers direct access to markets. But in the longer term OnTrade Inc. could be leveraged to offer ancillary products like off-market data sold to institutional customers, or even promoted to Citi's 200 million retail customers worldwide.
ACCESSION #
19717085

 

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