Big Banks Have a Yen to Offer Retail, Web-based Forex

Adams, John
February 2008
Bank Technology News;Feb2008, Vol. 21 Issue 2, p30
Trade Publication
The article reports on the collaboration between Saxo Bank and Citigroup to launch CitiFXPro, a Web-based foreign exchange platform, in the U.S. They joined forces to offer access to foreign exchange (FX) trading capabilities with more than 150 currency crosses worldwide. According to Sanjay Madgavkar, global head of FX margin trading at Citi, the FX market is very attractive for active traders the company hope to leverage its global presence in the institutional FX market through the platform.


Related Articles

  • Citi Plans Web Forex Platform. Ackermann, Matt // American Banker;11/21/2007, Vol. 172 Issue 225, p20 

    The article announces that Citigroup Inc. is starting an online foreign-exchange trading platform that will be supplied by Saxo Bank of Copenhagen. CitiFX Pro will be launched in the U.S. in December, and in the rest of the world in 2008. This platform will offer foreign-exchange trading to...

  • Trading Up. Hawser, Anita // Global Finance;Jun2010, Vol. 24 Issue 6, p79 

    The article explores how advances in technology has revolutionized the foreign exchange (FX) market. Moreover, CitiFX's global head Sanjay Madgavkar, states that one of the biggest benefits of electronic trading is that it has opened up the foreign exchange market to a wider range of...

  • Saxo plans five British retail launches. Eschenbacher, Stefanie // Fund Strategy;3/15/2010, p8 

    The article reports on the plan of Saxo Properties, a subsidiary of Denmark's Saxo Bank, to launch five closed-ended property funds into the British retail market.

  • Saxo Bank hires head of equity products. Yarker, Jon // Fundweb;7/22/2014, p7 

    The article announces that Alessandro Bressan was appointed as global head of equity products at Saxo Bank.

  • Citi in Transfer-Agent Alliance .  // American Banker;8/29/2002, Vol. 167 Issue 166, p9 

    Reports on an announcement made by Citigroup Inc. on 28 August 2002 concerning its strategic alliance with a Chicago-based transfer agent Computershare Ltd. to evaluate business opportunities in the United States and overseas. Officials comprising the joint business committee; Terms of the...

  • Former Sonray platform Saxo Bank cops licence conditions. Kennedy, Chris // Money Management;2/9/2012, Vol. 26 Issue 4, p5 

    The article reports that additional conditions have been placed by Saxo Bank A/S, on its Australian financial services licence, after it was investigated by the Australian Securities & Investments Commission (ASIC).

  • Outrageous, unlikely but NOT impossible.  // Banker Middle East;Jan2013, Issue 147, p37 

    The article offers the insights of Steen Jakobsen of Saxo Bank on the company's predictions related to the banking industry in 2013.

  • OFFSHORE TRADING. Ashton, Marc // Finweek;12/13/2012, p36 

    The article provides an answer to a question regarding SAXO account as a better option than TD Ameritrade Inc.

  • First Electronic Container Freight Swap Deal.  // Supply Chain Europe;Nov2011, Vol. 20 Issue 6, p8 

    The article reports on the execution of the world's first electronic, voice-assisted trade of a container freight swap agreement settled in U.S. dollars by ICAP Shipping and Saxo Bank A/S.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics