Citi is offering buy side clients access to its electronic options trading platform. Institutional clients can now access Citi’s option smart routing platform through the same interface they use to trade other asset classes with Citi, providing buy side clients with a full suite of electronic trading services for equity related products.
Electronic option orders executed at Citi are eligible for price improvement. Citi provides logic to utilize listed exchange electronic crossing mechanisms for enhanced price improvement opportunities. This proprietary process does not utilize IOIs or result in any information leakage.
Clients can currently access Citi’s electronic options capabilities via any third party OMS/EMS vendor, including TradingScreen, Bloomberg EMSX, RealTick, FlexTrade, thinkpipes from thinkorswim, ConvergEx’s Eze OMS and Wolverine Execution Services (WEX).
Kevin Murphy, head of US Option Electronic Execution, said: “Citi is pleased to extend its electronic options platform to the buy side community. Our institutional clients can now reap the benefits of Citi’s liquidity and price improvement opportunities in options, as they have been with equities.”
