Citi
Selects TradingScreen’s TradeSmart® EMS Platform
NEW YORK (June 30, 2009):
TradingScreen, Inc. (“TradingScreen”), the
provider of premier global execution management systems
(EMS), today announced an agreement with Citi to become
Citi’s next generation buy-side EMS. TradingScreen’s
TradeSmart® EMS will be introduced to Citi’s
existing institutional clients who currently leverage
the LavaX EMS platform. TradingScreen will also become
the preferred front-end EMS technology provider for
Citi’s institutional buy-side clients who access
Lava order routing technology.
“The combination of our powerful multi-asset
front-end EMS technology paired and deeply integrated
with Citi’s Lava Technology high performance ColorBook,
ColorData and LavaFlow ECN is a perfect match with TradingScreen’s
powerful distribution capability, unrivalled integration
of workflow and ease of deployment,” says Michael
Chin, President of TradingScreen. “This transaction
represents a very important step towards achieving the
stated TradingScreen goal of creating the most significant
trading community for large institutional clients across
the globe.”
TradingScreen’s flagship product, TradeSmart®,
is a customizable front-end GUI (Graphical User Interface)
that enables buy-side clients to trade a broad portfolio
of financial instruments, around the clock, on any market
and with a wide range of counterparties. TradeSmart®
is unique in its ability to aggregate multiple-dealers
and multiple asset-classes (listed and OTC) onto a single
screen format for electronic order routing. Its ASP
(Application Service Provider) model enables very rapid
deployment and activation of users into live trading
and incorporates the most comprehensive and intuitive
access to the proprietary algorithmic trading strategies
offered by the leading global brokers. TradeSmart®
also makes available a number of modules that support
other execution and order management activities such
as Basket Trading, Pre and Post Trade Analysis, Allocations,
Positions and P&L tracking. TradeSmart® connects
to all of the leading portfolio and order management
systems to ensure complete integration into the workflow
of the buy-side institution. Over the past 10 years,
TradingScreen has become the system of choice to equip
the institutional buy-side trader.
“Providing our clients access to TradingScreen,
the leading global multi-asset EMS offering in the market
today, will enhance Citi’s leading presence in
electronic execution by allowing our clients to maximize
their trading capabilities and operational efficiency,”
said Shane Swanson, Head of Transaction Services, Lava.
“Combining TradingScreen’s EMS technology
with Citi’s existing Lava Technology is a win
win. TradingScreen’s unique ASP deployment model
will provide Citi’s institutional clients around
the world with new services and functionalities, including
rapid access to one of the deepest and most diverse
pools of liquidity.”
Citi and TradingScreen will work diligently to ensure
a smooth transition of Citi’s clients onto the
TradingScreen platform, utilizing the expertise of Citi's
LavaX support team.
Interested press and analysts may contact:
Aitor Uria Saporiti at: aitor.uria@tradingscreen.com
Direct: +44 207 149 3141
Jeanette Volpi at: jeanette.volpi@citigroup.com
Direct: + 1 212-816-8022
ABOUT TRADINGSCREEN
TradingScreen, Inc. is accelerating the technical evolution
of the world’s financial markets by providing
a fully integrated, customer-oriented trading service
platform to institutional investors. TradingScreen’s
global, multi-asset class proprietary system links institutional
investors and sell-side firms, thus facilitating order
routing, execution management, clearing and additional
value-added services (including straight- through processing
and prime brokerage.) This functionality is delivered
in a proven, reliable ASP install-and-support model.
TradingScreen provides global coverage from offices
in New York, São Paulo, Chicago, London, Paris,
Hong Kong, Singapore, Sydney and Tokyo.
ABOUT CITI
Citi, the leading global financial services company,
has approximately 200 million customer accounts and
does business in more than 140 countries. Through its
two operating units, Citicorp and Citi Holdings, Citi
provides consumers, corporations, governments and institutions
with a broad range of financial products and services,
including consumer banking and credit, corporate and
investment banking, securities brokerage, and wealth
management. Additional information may be found at www.citigroup.com
or www.citi.com.
|
Press
Releases 
