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Spotware partners with Citi to offer liquidity through its cTrader and cAlgo platforms

Spotware Systems today announced a new partnership to fully integrate CitiFX TradeStream with its cTrader and cAlgo FX platforms.

Spotware Systems, a financial technology provider developing solutions for the eFX industry, is making fast headway in the world of retail eFX. Its flagship trading platform, cTrader, has been adopted by more than 25 brokers and banks in 2012.

CitiFX TradeStream is a market-leading liquidity and margin solution that allows mid-sized institutional customers to access high-quality liquidity sourced from multiple contributors without the need for a prime broker or a third-party aggregation solution, all whilst facing Citi as a single counterparty.

Andrey Pavlov, Spotware Systems CEO, says that the partnership with Citi is a meaningful step in cTrader’s continuous enhancement of its liquidity options. “CitiFX is one of the most trusted names in the industry. That’s why we’re delighted to have integrated with CitiFX Tradestream as we advance our efforts to provide our clients with trading solutions that harness powerful partnerships with some of the world’s leading providers.”

cTrader is a direct market access platform which has been attracting brokers looking to enhance or introduce NDD and STP solutions. The platform is widely viewed as a means of access to an increasingly sophisticated client base concerned with issues of trust, latency and transparency.

Alex Knight, Global Head of FX Margin Trading at Citi, commented “Spotware is an excellent choice of partner for CitiFX Tradestream as we continue to expand our global presence with this exciting new product. We’re delighted to collaborate with a company that places as much importance as we do on fast, deep and transparent liquidity. cTrader users will be the ultimate beneficiary of the work that we do together to provide leading liquidity solutions through the platform.”

Ilya Holeu, Spotware’s CMO and product manager, added “With the quality of trading technology from Spotware, and a best-in-industry liquidity solution from Citi, the platforms become an even more enticing offer for brokers who want scalable eFX technology, while delivering higher ROI than traditional third party platforms

Notes to Media

About Spotware Systems:

Spotware Systems is a London based neutral financial technology provider offering comprehensive e-FX STP solutions for brokers, banks and their clients.

Spotware are best known for their flagship NDD and STP trading platform, cTrader, and its companion algorithmic trading platform, cAlgo. The company provides an easily integrated PaaS (Platform as a Service) solution to broker-dealers, banks, and other financial services firms looking to implement and offer manual and algorithmic NDD eFX trading with a complete back-end management system.

About Citi:

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi

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