NEW YORK CITY, NY – Nov. 19, 2012 – Tradable, the recently-launched open API and app store trading platform, is thrilled to announce a new partnership with Citi to offer CitiFX TradeStream liquidity. The agreement will allow brokers on the Tradable platform to trade with Citi as a counterparty through the CitiFX TradeStream liquidity and margin solution.
“We are extremely pleased to offer CitiFX TradeStream as one of our initial liquidity partners. It is paramount for Tradable, our brokers and partners that we offer a diverse pool of top-end trading liquidity”, said Jannick Malling, CEO and co-founder of Tradable.
“We've always believed that brokers should be able to trade with whatever liquidity provider they want, choosing the liquidity that best fits their business model. Citi has proven to be one of the most committed and innovative players in this industry”, said Christian Frahm, Chairman and founder.
CitiFX TradeStream helps small- to mid-sized institutions improve their FX trading operations by providing a one-stop solution from Citi for counterparty relationship, liquidity sourced from multiple contributors, and leading technology. The Tradable partnership represents a new milestone for Citi and their TradeStream offering.
“Citi is excited to partner with Tradable. We share Tradable’s vision of an open model that benefits the broker, the liquidity provider and the end-client. The industry is looking for something new, and we are happy to be one of the early adopters of a model that we think is going to drive innovation and help reshape the industry. We believe CitiFX TradeStream with its ultra competitive aggregated liquidity, available through a margin account directly with Citi, is the perfect fit for Tradable and their broker partners”, said Alex Knight, Global Head of FX Margin Trading at Citi.
tradable, which recently won the award as the Most Innovative Financial Product at the ForexMagnates Summit in London, has already announced its BETA launch with six FSA regulated brokers in the UK and will announce additional broker and liquidity partnerships in the coming months.
About Tradable: Tradable is an open trading platform that allows traders to tailor their trading environment with 3rd party apps available on the Tradable app store. With the Tradable API, 3rd party developers can build and deploy a range of custom trading tools and apps, designed to empower traders. The Tradable platform is offered to traders through regulated brokers and financial institutions only.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. 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, transaction services, and wealth management.