Citi partnering with TIFX

There was a strange report in an Israeli newspaper this week about Easy Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term's Israeli branch starting to introduce local clients to Citi: https://translate.google.com/translate?js=y&prev=_t&hl=en&ie=UTF-8&layout=1&eotf=1&u=https://www.calcalist.co.il/markets/articles/0,7340,L-3406975,00.html&sl=iw&tl=en

As the article didn't make any sense I thought it would be important to get clarifications from Citi who were happy to provide more information in order to make sure there are no misrepresentations.

"Citi announced today that it has entered into an agreement with Traditional Innovation FX (TIFX). According to this agreement, TIFX will become an exclusive introducing broker for eligible individual clients of CitiFX Pro in Israel."

That's all there is to it, not sure why the newspaper had anything to say about Easy Forex. It's possible that this is a local IB that will now be introducing business to Citi instead of to Easy Forex.