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 most interesting outcomes of PSD2 will be derived from companies combining open banking with data from other areas like social media or government, argued Miles Cheetham, Open Banking Ltd.
The architecture of financial markets has changed and we will soon see the end of the last eight years of prosperity, said Stefan Bielmeier, chief economist and head of research at DZ Bank.
There are various ways for financial institutions to benefit from advanced technologies and business models provided by FinTech's. Whether a business' approach is radical or incremental, data management can help a company to increase their return on investment, argues André Casterman, INTIX.
Due to the low interest rate environment and Basel III regulation many corporate treasurers, who may have in the past been very reliant on the banking sector to provide them with cash management solutions, have been forced to explore alternative options as banks have been refusing short dated cash deposits.