Citi selects TradingScreen’s TradeSmart® EMS platform
First Published Tuesday, 30th June 2009 from Automated Trader : EMS News
TradingScreen to become Citi’s next generation buy-side EMS
Michael Chin, President, TradingScreen: "This transaction represents a very important step towards achieving the stated TradingScreen goal of creating the most significant trading community for large institutional clients across the globe."
TradingScreen, Inc. the EMS provider, has announced an agreement with Citi to become Citi's next generation buy-side EMS. TradingScreen's TradeSmart® EMS will be introduced to Citi's existing institutional clients who currently leverage the LavaX EMS platform. TradingScreen will also become the preferred front-end EMS technology provider for Citi's institutional buy-side clients who access Lava order routing technology.
"The combination of our powerful multi-asset front-end EMS technology paired and deeply integrated with Citi's Lava Technology high performance ColorBook, ColorData and LavaFlow ECN is a perfect match with TradingScreen's powerful distribution capability, unrivalled integration of workflow and ease of deployment," says Michael Chin, President of TradingScreen. "This transaction represents a very important step towards achieving the stated TradingScreen goal of creating the most significant trading community for large institutional clients across the globe."
"Providing our clients access to TradingScreen, the leading global multi-asset EMS offering in the market today, will enhance Citi's leading presence in electronic execution by allowing our clients to maximize their trading capabilities and operational efficiency," said Shane Swanson, Head of Transaction Services, Lava. "Combining TradingScreen's EMS technology with Citi's existing Lava Technology is a win win. TradingScreen's unique ASP deployment model will provide Citi's institutional clients around the world with new services and functionalities, including rapid access to one of the deepest and most diverse pools of liquidity."