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.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.
Kicking off day two of the Singapore Fintech Festival, Deloitte Chairman David Cruikshank said that fintech is significant for three reasons. First, customer expectations of services are higher than ever. Second, barriers to entry are lower than before. And finally, financial institutions (FIs) face a threat of what a competitor might do.
The EU and US’ shift in accounting standards may bring balance sheet losses and increase credit risk, according to James Elder, director of risk services at Standard & Poor’s (S&P) Global.
Technology will drive the innovation in banking: Damian Richardson, head of payments strategy & innovation at NatWest
At this year's Sibos conference in Toronto, digital finance reporter, Alara Basul, sat down with Damian Richardson, head of payments strategy and innovation at NatWest to discuss how technology is driving innovation in banking.