Citi has launched Citi Futures and Options Smart Execution (CFOX SE), which is a suite of futures and options trading features, transaction cost analysis (TCA) and order monitoring tools on its Citi Futures and Options Execution (CFOX) platform.
These tools can help clients supervise algorithmic orders along with those entered via the CFOX Graphical User Interface, the FIX protocol or third-party execution and order management systems. “Clients can see the details of algorithmic orders in real-time, while the TCA function provides the cost breakdown as trades are executed, giving real-time feedback on execution quality,” says Citi.
“We are offering institutional clients the types of tools they have been requesting to improve upon their user experience, increasing transparency on how their orders are executed and providing enhanced execution quality and control,” says Paul Marks, global head of Electronic Trading Products for Futures, Clearing and Collateral. “This will provide clients with the ability to see and amend in real-time all of their futures and options order flow in a single platform, as well as track the performance of execution in real-time.”
“While enhancing the overall client experience, these tools will give market participants the execution, command and control they desire in a transparent and compliant fashion,” says Jerome Kemp, global head of Futures, Clearing and Collateral.
Citi Launches Trade Monitoring Tools for Futures and Options
Citi has launched Citi Futures and Options Smart Execution (CFOX SE), which is a suite of futures and options trading features, transaction cost analysis (TCA) and order monitoring tools on its Citi Futures and Options Execution (CFOX) platform.