Citi on Why It Decided to Buy an ECN

Mazzucca, Tim
February 2006
American Banker;2/7/2006, Vol. 171 Issue 25, p1
Trade Publication
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.


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