Citi has launched an algorithmic trading platform for its institutional equity trading clients.

The platform offers execution logic and extensive customisation capabilities.

Citi algorithmic trading strategies incorporate smart routing technology along with the diverse liquidity and anti-gaming benefits of the Citi Match Crossing Network.

“Citi is proud to bring the next generation of algorithmic trading to our institutional clients,” says Young Kang, global head of algorithmic products at Citi. “Citi Algorithmic Trading capitalises on Citi’s extensive global trading expertise, our world class technology, and unparalleled market liquidity. It is designed to bring together our global capabilities with the firm’s substantial regional knowledge.”

Strategy improvements for Citi Algorithmic Trading include: consistent behaviour of strategies along with parameters and constraints; sophisticated limit order model; symbol-specific trading decisions driven by historical and real-time analytics; optimal balancing and control across trading styles; and easy to install into new venues and manage allocations across venues based on Citi performance analysis.

The platform was developed by a team of quantitative analysts and technologists in New York, London and Asia. The technology has been running internally over the past ten months and is currently being launched to external clients in the US, Europe, the Middle East, India, Japan, Hong Kong, Singapore, Taiwan and Korea.