Citi Match, Citigroup’s broker crossing network, executed EUR22.8 billion worth of trades during Q1 2011, up 90% from EUR12 billion during the same period in 2010.
Citi Match was the largest dark pool in Europe during February, according to the most recent survey by Rosenblatt Securities Inc, an independent boutique that surveys dark pools on a monthly basis. Furthermore, during the first quarter of this year, the platform reported an average spread capture of more than 75%.
Rajesh Nagella, Managing Director and head of algorithmic products in EMEA says: “The continued growth of Citi Match provides the clients with access to a broad spectrum of underlying liquidity. Our clients know that when they rest orders in Citi Match, they will always take priority over any other flow, making Citi Match the dark pool of choice for institutional clients.”
Citi Match is one part of a complete solution for Citi’s electronic execution clients, along with sophisticated algorithms, advanced direct market access tools and market leading smart order routing. In addition, Citi Match clients can now also benefit from customised services that streamline their trading functions.