Citi has selected Dow Jones’ specialised foreign exchange (FX) news service, the DJ FX Trader, to provide real-time data and global economic news to its FX traders and sales staff targeting corporate or retail clients. The content will be delivered through the bank’s in-house information service, CitiFX Wire.
The integration of DJ FX Trader’s content into CitiFX Wire gives the bank’s FX traders and sales staff alike full access to breaking currency news exclusives and commentary gathered by Dow Jones’ 100 journalists in this area, alongside more general economic news and headline from the 2,000-strong global reporting team.
“Our position at the heart of the FX market provides us with an incredible amount of information, which CitiFX Wire collates for the benefit of our staff and clients,” said Anil Prasad, Citi’s global head of FX and local markets. “All it has been missing is real-time data releases and political news. The integration of DJ FX Trader rectifies that.”
CitiFX Wire is available through Citi’s Velocity 2.0 and Pulse trading platforms, as well as its website and iPhone and iPad apps.
Data from Swift’s latest RMB tracker shows exceptional growth in RMB adoption in the United Arab Emirates (UAE), witnessing a 210.8% growth in payments value of the currency since August 2014, albeit from a low base.
Sentiment in the financial services sector deteriorated in the three months to September, as firms digested the challenges of lower interest rates and the uncertainty caused by the vote to leave the European Union (EU), according to the latest CBI/PwC Financial Services Survey.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.