Citi Expands Trade Lifecycle Platform to Latin America

Citi has expanded its Execution to Custody (E2C) solution to Latin America, with launches in Brazil, Chile, Colombia, Panama, Peru and Mexico.

E2C is electronic platform that manages the lifecycle of a trade, from execution through to settlement in the local market and clearing in the local depository, followed by access to settlement and custody reporting through Citi. Users gain access to markets and liquidity pools around the world.

“Citi’s global presence makes the E2C offering uniquely effective, providing unparalleled in-market expertise on regulation, practices, fees and taxes. Citi owns and operates its entire value chain in many markets, allowing transparency into transaction statuses and providing an external record of transactions as a validation source against your internal systems,” explains Ricardo Hesse, Securities Services head, Latin America.

E2C can connect to third-party order management systems or execution management systems, or a client’s proprietary system. The platform is designed to reduce expenses by having Citi provide all the transaction services, allowing clients to avoid the complexity and cost of establishing operations locally in multiple countries or modifying operations in each market. E2C can also reduce fail rates by removing the need for clients to send settlement instructions for every transaction.

The platform also has the integrated option of Citi’sTradeDate AutoFX service, which is designed to actively manage foreign exchange transactions at market execution, which then reflects trade economics in clients’ base currency for international trades allowing the client to not use an internal multi-currency platform.