{"id":19566,"date":"2011-02-17T18:54:58","date_gmt":"2011-02-17T23:54:58","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=19566"},"modified":"2011-02-17T18:54:58","modified_gmt":"2011-02-17T23:54:58","slug":"citifx-pro-introduces-new-pricing-structure-for-forex-clients","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/02\/17\/citifx-pro-introduces-new-pricing-structure-for-forex-clients\/","title":{"rendered":"CitiFX Pro Introduces New Pricing Structure for Forex Clients"},"content":{"rendered":"<p><strong>New York \u2013 February 2011<\/strong> \u2013 CitiFX Pro today announced a new pricing<br \/>\nstructure for its clients, reflecting its focus on sophisticated and active individual<br \/>\ntraders within the forex trading community.<\/p>\n<p>CitiFX Pro introduced a tiered account structure for its margin forex clients, with<br \/>\nimproved bid-ask spreads for major currency pairs for account sizes between<br \/>\n$10,000 to $50,000 and still tighter spreads for accounts larger than $50,000.<\/p>\n<p>\u201cOur extensive survey research conducted in late 2010 showed that the<br \/>\nindividual forex trading market is growing rapidly in both size and sophistication,\u201d<br \/>\nsaid Sanjay Madgavkar, Global Head of Margin Foreign Exchange trading at Citi.<br \/>\n\u201cAs a major participant in the global forex markets, Citi is well positioned to offer<br \/>\nextremely competitive, highly reliable pricing along with excellent technology and<br \/>\nclient support that have already made CitiFX Pro a key player in this space,\u201d Mr.<br \/>\nMadgavkar said.<\/p>\n<p>CitiFX Pro said that spreads on major pairs for accounts opened with $50,000 or<br \/>\nmore would be as tight as 1.2 pips in the EURUSD while USDJPY, GBPUSD,<br \/>\nAUDUSD would be 1.7 pips, 2.0 pips, and 1.9 pips respectively, under normal<br \/>\nmarket conditions.<\/p>\n<p>An overview of spreads on 130+ currency pairs is available at<br \/>\n<span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.citifxpro.com\/spreads\" target=\"_blank\">http:\/\/www.citifxpro.com\/spreads<\/a>.<\/span><\/p>\n<p><strong>About CitiFX Pro<\/strong><\/p>\n<p>CitiFX Pro is Citi\u2019s online forex trading platform for active individual and small<br \/>\ninstitutional clients including commodity trading advisors, broker-dealers, money<br \/>\nmanagers, and hedge funds. CitiFX Pro is currently live in US, European and<br \/>\nAsian markets and will be launched in additional regions in 2011. Additional<br \/>\ninformation may be found at <span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.citifxpro.com\" target=\"_blank\">www.citifxpro.com.<\/a><\/span><\/p>\n<p><strong>About Citi<\/strong><\/p>\n<p>Citi, the leading global financial services company, has approximately 200 million<br \/>\ncustomer accounts and does business in more than 160 countries and<br \/>\njurisdictions. Through Citicorp and Citi Holdings, Citi provides consumers,<br \/>\ncorporations, governments and institutions with a broad range of financial<br \/>\nproducts and services, including consumer banking and credit, corporate and<br \/>\ninvestment banking, securities brokerage, transaction services, and wealth<br \/>\nmanagement. Additional information may be found at <span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.citigroup.com\" target=\"_blank\">www.citigroup.com<\/a> <\/span>or<br \/>\n<span style=\"text-decoration: underline;\"><a href=\"http:\/\/www.citi.com\" target=\"_blank\">www.citi.com<\/a>.<\/span><\/p>\n<p><strong>Media Contacts:<\/strong><\/p>\n<p>Alexander Samuelson<br \/>\nTel: 1-212-816-8022<br \/>\nEmail: alexander.i.samuelson@citi.com<\/p>\n<p>Jeff French<br \/>\nTel: +44-207-500-8304<br \/>\nEmail: jeffrey.french@citi.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CitiFX Pro today announced a new pricing structure for its clients, reflecting its focus on sophisticated and active individual traders within the forex trading community.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-19566","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=19566"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19566\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=19566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=19566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=19566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}