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 bank and the International Financial Corporation are continuing the eight years old trade finance partnership with a further investment.
European insurers are likely to use it increasingly in response to the capital adequacy requirements of the directive, reports Fitch Ratings.
“Corporate treasurers around the world are getting a better cross-border payments experience today,” announced the financial messaging services provider.
The UK bank is launching a digital site and will offer SMEs up to £150,000 for a maximum period of five years.