CitFX has is going soon to announce that it has significantly tightened the spreads offered to its clients. Citi will now offer spreads as tight as 1.2 pips on EUR/USD pair and similarly low spreads on other majors. Taking into account that many brokers offering ‘institutional’ liquidity or ECN or other forms of Prime Brokerages end up using Citi’s liquidity amongst other things allows Citi to offer probably one of the most tightest spreads available. I imagine that Citi’s prices are also very executable as once again Citi is a major liquidity provider and will display fully executable prices. The high deposit requirements will however only appeal to the larger traders out there looking for bank liquidity.
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