CFTC orders Citigroup Fine $250m

The fines at Citi keep coming CFTC orders Citigroup Fine $250m For Benchmark Manipulation.

By Eric On Friday,
The U.S. commodity Futures trading Commission (CFTC), it’s printed another order against recent time Citibank that CFTC orders Citigroup Fine $250m.

The most recent fine comes as a result of the manipulation of connected charges with to the USD ISDAFIX – US dollar International Swaps and Derivatives Association Fix. It is really the second fine issued against him by the CTFC Citibank. About Citigroup Fine, the present fine expects Citi to pay 250 million dollars in civil monetary penalties. This purpose emerges from a period of 5 years (January 2007 – January 2012) during which Citibank tried to control and created false reports about the USD ISDAFIX, a benchmark used globally for products at the rate of interest. The CTFC discovered that Citibank traders had made the try on various occasions to control the USD ISDAFIX swap rate by changing their submissions of USD ISDAFIX.

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Citigroup Inc. Announces Offers to Purchase Two

By Totem on Wednesday,

Citigroup Inc. Announces Offers to Purchase Two Series of Outstanding Notes.

Citigroup Inc. recently announced the commencement of cash tender offers some of his notes of the series shown in the table below, up to a total principal amount for each series of notes (each a “Maximum Series Tender Cap”). Citigroup Inc. Announces Offers to Purchase Two Series of Outstanding that The tender offer for each series of notes is known as a “deal” and all these deals are collectively referred to as the “Offers”.

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Citi launches trading in the Velocity platform

By Mikel on Wednesday,

Citi launches trading in the Velocity platform.

Citi started trading functionality concept at Citi Velocity, winning trading platform that offers customers access to more than FX price Citi and Credit Research and liquidity.

Began in January 2012 Velocity 2.0 is constantly updated to include new features and asset classes. It offers its customers an integrated e-commerce suite, which can be much greater liquidity and market information can be tailored to the needs of each client faster execution times. It is also a very simplified and streamlined platform that different asset classes are seamlessly integrated into an office together. Recently added features and complete future includes a wide range of types of synthetic orders and distributors can minimize points access to trading latency platform by regional connectivity.
Jerome Kemp, global head of futures clearing and collateral, stated about Citi launches trading in the Velocity platform: “The dynamic changes in the industry allows us to break new ground in technology, the use of the customer experience in the implementation of the future Our transformation affirms significant investment in the platform speed flagship the commitment of Citi. Citi to offer unparalleled choice, deep functionality and global reach of Citi clients to electronic services. ”
Paul Marks Global Director of eCommerce product futures clearing and collateral, also added about Citi launches trading in the Velocity platform, “If customers have asked us a number of futures develop Citi Velocity decided to take an innovative approach, using the latest technologies to finance this offer unique trading again. product provides a single consolidated for traders to execute the macro strategies and our comprehensive range of existing sales channels eTrading “platform.

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