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Two global leaders in their own fields, Citi and Saxo have come together to pool their capabilities and offer FX trading to sophisticated individuals and smaller institutional traders. CitiFX Pro will offer Citi's clients an opportunity to take full advantage of the world's largest financial market with access to the same level of data and trading technology as institutional traders.
Subject to regulatory and other approvals, CitiFX Pro is expected to begin operating shortly in the US market and will be rolled out in selected countries around the globe during FX trading is increasingly attracting interest as a product for active traders. We are excited at the prospect of expanding our client base and developing new relationships in this emerging client segment.
We have chosen to partner with Saxo Bank because of their long and strong dedication to online trading. The agreement between Citi and Saxo Bank brings together the best of two worlds for the sophisticated individual and small institutional trader — the strength and security of the world's largest bank and the excellence of product and service delivery from the foremost provider of online FX trading.
Private traders will now be able to take full advantage of Citi's global presence, authority and reliability and Saxo Bank's technology to trade FX virtually anytime. This will provide better products, prices and services to a growing audience of globally oriented investors and traders.
By joining forces with Saxo Bank, Citi, in addition to best in class liquidity and service, will be able to provide its clients with a user-friendly online trading platform and a tried and tested track record. A pioneer in the online investment trading market, Saxo Bank has over the last decade accumulated valuable knowledge and expertise in supporting the online trading needs of a global client base. It has established a global reputation for providing award-winning technology along with outstanding product and service capabilities to support its White Label Partnership concept.
We are very encouraged by Citi's commitment and professionalism. This is a winning proposition for everyone involved. Citi's entry into the rapidly growing margin FX business is an important strategic decision. Saxo Bank is a global leader in online FX trading and its SaxoTrader trading platform has won numerous international awards. CitiFX Pro has been developed specifically for Citi based on its specifications and needs. The FX market is very attractive for active traders and we believe we can provide a best-in-class platform and liquidity to this client base.
We believe our global presence in the FX market, combined with Saxo's proven abilities will provide a winning product for clients seeking to trade in the Margin FX space. Citi and Saxo Bank invite the media for a press conference November 20, 9: Media can also call the following numbers to participate in the press conference: Get the app for Android.
Get the app for iOS. Citi Citi, the leading global financial services company, has some million customer accounts and does business in more than countries, providing 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, and wealth management.
Additional information may be found at www. Saxo Bank enables clients to trade currencies, shares, CFDs, futures, options and other derivatives, as well as providing portfolio management via our online trading platform, SaxoTrader. SaxoTrader has been developed by Saxo Bank and is available to today's investor directly through Saxo Bank or through one of our global partnerships, where it forms an integral part of their infrastructure.
One of Saxo Bank's significant areas of business is White Labelling. Saxo Bank has more than 85 White Label Partners and thousands of clients in over countries. The bank's website www. Saxo Bank currently employs more than 1, employees from 57 different countries. It also runs a representative office in Beijing and an IT development center in St. Please be advised that this site is not optimized for use with Microsoft Internet Explorer 6. For Immediate Release Citigroup Inc. More ways to get Citi news Get the app for Android.