Citi has launched Total Touch ADR X-WiNG, described as a liquidity providing execution platform that optimises investor’s access to liquidity in Europe, the Middle East and Africa (EMEA) and also the US American Depositary Receipt (ADR) market. The Total Touch block trading execution platform originally launched in 2010 for US single stocks and its product offerings have since expanded to cover ADRs, exchange traded funds (ETFs), Brazil and EMEA.
Total Touch ADR X-WiNG makes markets in over 200 ADR names representing over $8.6 trillion in market cap. Combining the value-added attributions of high-touch trading, with the efficiency and ease of low-touch actionable execution, the platform provides a seamless one click solution to trade outsized block liquidity for EMEA-based ADRs during pre-market hours in the US and through the European market close.
The world’s second-biggest economy will grow faster than previously predicted over the next four years, but the rate is unsustainable unless China addresses the problem says the International Monetary Fund.
A poll by MarketInvoice also found that relatively few business leaders would consider speaking directly to a bank.
The world’s third-largest economy expanded by 1.0% in the second quarter of 2017 over Q1, giving an annual rise of 4.0% in gross domestic product for the year to June.
The week’s aggressive rhetoric from the US and North Korea have contributed to a rally in defensive assets in global financial markets.