Citi Launches Next Generation Algorithmic
Trading Platform
March 31, 2010 11:38 AM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--Today Citi announced it has launched a next generation
algorithmic trading platform for its institutional equity trading clients. The new technology was researched, designed
and extensively tested over the past eighteen months. The platform offers cutting edge execution logic and extensive
customization capabilities. Citi Algorithmic Trading strategies incorporate best-in-class, smart routing technology
along with the diverse liquidity and anti-gaming benefits of the Citi Match Crossing Network.
“Citi is proud to bring the next generation of algorithmic trading to our institutional clients,” said Young Kang, Global
Head of Algorithmic Products at Citi. “Citi Algorithmic Trading capitalizes on Citi’s extensive global trading
expertise, our world class technology, and unparalleled market liquidity. It is designed to bring together our global
capabilities with the firm’s substantial regional knowledge.”
Strategy improvements for Citi Algorithmic Tradinginclude:
l Consistent behavior of strategies along with parameters and constraints
l Sophisticated limit order model
l Symbol-specific trading decisions driven by historical and real-time analytics
l Optimal balancing and control across trading styles
l Easy to install into new venues and manage allocations across venues based on Citi performance analysis
Resiliency, transparency and control improvements include:
l Full control and diagnostics of child orders along with analytics pertaining to the parent order
l Generate detailed informational alerts on strategy behavior and market movement
l Generate self monitoring alerts for exceptional conditions with multiple levels of severity
l Real-time information on strategy progress and performance
l Enhanced stability, redundancy, and recovery framework
The new Citi Algorithmic Tradingplatform was developed by a global team of quantitat