Citi, a global leader in foreign exchange, has selected Dow Jones & Company's specialized FX news service, DJ FX Trader, to provide real-time data releases and global economic news to its FX traders and sales staff. The content is delivered through the bank's in-house information service, CitiFX Wire.
The innovative integration of DJ FX Trader's content into CitiFX Wire gives Citi's FX traders and sales staff full access to breaking FX news exclusive to DJ FX Trader, real-time data headlines and commentary from Dow Jones' global team of more than 2,000 journalists, which includes 100 journalists dedicated solely to FX coverage. Citi's clients will also be able to see Dow Jones' real-time economic and data headlines.
"Our position right at the heart of the FX market provides us with an incredible amount of information, which CitiFX Wire collates for the benefit of our staff and clients," said Anil Prasad, Citi's global head of FX & local markets. "All it has been missing is real-time data releases and political news. The integration of DJ FX Trader rectifies that and represents a very powerful addition that makes CitiFX Wire an indispensable source of information."
Lex Fenwick, chief executive officer of Dow Jones, added, "We see this as an important step forward for Dow Jones in building a global and profitable platform for users across sectors and languages."
"FX trading requires quick and efficient access to political news and decisions as well as sharp analysis of market-moving events," said Joe Cappitelli, head of financial products at Dow Jones. "We look forward to providing this critical information to Citi's traders."
CitiFX Wire is available through Citi's Velocity 2.0 and Pulse trading platforms, as well as its website and iPhone and iPad apps.