Tag: Citi

Experts agree the big tests for T+1 after a promising start are public holidays, market volatility and index rebalances, with a big one arriving today.

The drama around cut-offs at CLS and custodians prior to the T+1 implementation had many believing the FX market would alter drastically, but so far, it’s business as usual over the first three weeks of the shortened settlement cycle as the first big public holiday – and major test – approaches.

The past week saw appointments across client advisory, markets, broker dealing, prime services, equity sales and client sales.

Alongside the appointment, Citi has selected a new chief executive for its broker dealer entity Citigroup Global Markets Inc (CGMI), The TRADE understands.

The past week saw appointments across rates trading, equity capital markets, electronic execution services, equities sales and more.

The Greenwich-based fintech has an established presence in Mexico, having previously introduced an alternative trading system helping participants trade Mexican government fixed income securities electronically.

Prior to the move, incoming individual spent a decade at Citi which included stints as an investment analyst for private bank fixed income, and most recently as vice president, municipals trading.

Individual joins after five years with Citi having previously served as an analyst at Morgan Stanley and JP Morgan.

The past week saw appointments across portfolio trading, electronic trading sales, algorithmic trading and execution services, and credit derivatives trading.