Citibank Launches the New CitiFX Interactive Website.LONDON, NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , SINGAPORE--(BUSINESS WIRE)--Oct. 4, 1999-- Today Citibank Foreign Exchange announces the new release of its customer website, CitiFX Interactive, so bringing the global resources of Citibank Foreign Exchange to the client's desktop. This launch also represents another step in a global strategy which seeks to shape the future of the foreign exchange market by empowering Citibank clients to better manage their currency exposures while facilitating transaction execution. "While the power of the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the is increasing the speed with which FX transactions will become a commodity, it also represents an enormous opportunity to deliver timely, relevant, comprehensive and customized information to our clients," said Len Lebov, Global Head of FX e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. . "As our clients experience increased and varied international exposure, a greater number are turning to us for guidance and advice on the steps that must be taken before a trade is executed. The trade itself is the culmination of what is often an extensive dialogue." The CitiFX Interactive website provides clients with a wealth of data, services and tools: -- Clients can stay informed about market conditions via live market rates in currencies, equities and fixed income and through news and reports provided by Standard & Poor's MMS (Multimedia Messaging Service) An enhanced transmission service that enables graphics, video clips and sound files to be transmitted via cellphones. Developed as part of the 3GPP project, MMS phones are generally backward compatible with SMS and EMS. . -- Intraday Intraday Another way of saying "within the day." Notes: This term is often used for the new highs and lows of a security. For example, "a new intraday high" means a security reached a new all-time high throughout the trading day, but then fell by closing. currency strategy and commentary is provided by the Citibank strategy team led by Bob Sinche. -- Citibank Research and Salomon Smith Barney's Economic and Market Analysis are available on the site with direct front-page links to the most popular publications as well as global forecasts and upcoming economic releases. -- Clients can set up their own distribution list for research publications, specify the method of delivery and, if required, even suspend distribution while away on holiday. -- Trading recommendations are provided by Citibank's unique CitiFlows service which analyzes global currency flows through Citibank trading desks Trading Desk A desk where transactions for buying and selling securities occur. Trading desks can be found in most organizations (banks, finance companies, etc.) involved in trading investment instruments such as equities, fixed-income securities, futures, commodities and foreign around the world. -- CitiTechnicals brings Citibank's global technical analysis team to the desktop with important technical levels and charts in a variety of currencies, updated intraday, plus a well stocked library of the team's technical analysis publications. -- The Global Knowledge Base provides, with a mouse-click, in-depth information on demographic, governmental, fiscal, monetary and regulatory data in emerging market countries. -- The FX Option Terminology Database provides in-depth information on currency options. -- Portfolio-on-the-Web (POW) enables clients to monitor their portfolio of currency positions with Citibank which are marked-to-market daily. And, coming soon, Confirmation-on-the Web (COW) will enable clients to immediately confirm their trades online. -- CitiFX Interactive also has a Learning Centre to teach clients how to get the most out of the new customer website. This shows clients how to utilize the site's tools via relevant online demos and how to keep fully up-to-date on cutting edge currency research being conducted at the Bank. In addition, CitiFX Interactive includes a wealth of powerful analytical analytical, analytic pertaining to or emanating from analysis. analytical control control of confounding by analysis of the results of a trial or test. tools which can help clients determine their currency exposure; measure the historical risk and return of that exposure; and determine the expected performance of a variety of possible hedging scenarios from plain vanilla Refers to the bare minimum of functions that are known to be available in an application or system. Contrast with bells and whistles. to the most highly complex. For example, Portfolio Analyzer analyzer /ana·ly·zer/ (an´ah-li?zer) 1. a Nicol prism attached to a polarizing apparatus which extinguishes the ray of light polarized by the polarizer. 2. allows a client to evaluate the performance of their own portfolio and a benchmark portfolio in the currencies and underlying fixed income or equity markets of 23 different countries. Corporate cash flows can be analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. as well. The service allows the user to specify their base currency, country allocation The apportionment or designation of an item for a specific purpose or to a particular place. In the law of trusts, the allocation of cash dividends earned by a stock that makes up the principal of a trust for a beneficiary usually means that the dividends will be treated as and currency hedging strategy. Performance is broken down into its currency, underlying asset and hedging components and risk and return is evaluated by a number of different measures. Data can be downloaded for further analysis and a flexible graphics package can add strength to the user's own presentations. "Despite the website's power, we see it as a tool to enhance our relationships with clients," Lebov says. "We are encouraging our sales force and clients to use the site's services together in order to improve our service and assist our clients in achieving their currency management objectives." Communication with a salesperson, strategist strat·e·gist n. One who is skilled in strategy. Noun 1. strategist - an expert in strategy (especially in warfare) strategian market strategist - someone skilled in planning marketing campaigns , researcher or manager via e-mail can now take place with a click. Furthermore, clients are informed of events taking place at the Bank, such as conference calls and presentations, and can immediately send suggestions or provide feedback. The first step in Citibank's global e-commerce strategy was announced in July with the launch of the CitiFX Benchmark. This independently audited, extremely accurate set of benchmark currency rates is set six times per day. Clients are already transacting with Citibank at prices based on the Benchmark rates, thus greatly facilitating and clarifying foreign exchange execution. "As well as providing neutral reference rates, the Citibank FX Benchmark provides a unique opportunity for our clients to trade electronically at audited and verifiable rates at a point in time. The superior operational efficiency of the Benchmark allows our clients more time to work with Citibank on risk management and other treasury related matters," says Guy Whittaker, Citibank's Global Head of Foreign Exchange. CitiFX Benchmark rates are available over the CitiFX Interactive website. The next step in Citibank's global e-commerce strategy will be announced later this year when Citibank launches a web-based trading system The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. , in conjunction with Citicorp's subsidiary CrossMar, which will allow clients to execute foreign exchange at either CitiFX Benchmark rates or live-quotes directly from the Bank's trading desks around the world, 24 hours per day. The three components - the CitiFX Benchmark, the CitiFX Interactive website, and the online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. system will form the basis of a seamless, powerful global strategy which is specifically designed to fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. clients' foreign exchange needs as the future of the market takes shape. CitiFX Interactive can be found at www.citifx.citibank.com |
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