World Integrated Trade Solution

Northern Trust Appointed to Provide Integrated Trading Solutions to Waverton Investment Management

Retrieved on: 
Thursday, December 14, 2023
Technology, Personal Finance, Finance, Fintech, Banking, Professional Services, Digital Cash Management, Digital Assets, Software, Asset Management, World Integrated Trade Solution, Annual report, Risk, Waverton Investment Management, Organic, Trust, ITS, NTRS, Growth, Integration, Cryptocurrency, Financial services, Security (finance), Northern Trust, Waverton

Northern Trust (Nasdaq: NTRS) today announces that its Integrated Trading Solutions (ITS) outsourced trading desk is supporting Waverton Investment Management (Waverton), an independent investment manager providing services for private and professional clients.

Key Points: 
  • Northern Trust (Nasdaq: NTRS) today announces that its Integrated Trading Solutions (ITS) outsourced trading desk is supporting Waverton Investment Management (Waverton), an independent investment manager providing services for private and professional clients.
  • Northern Trust is supporting the trading of equities, derivatives and fixed income assets as Waverton’s sole provider of trading services.
  • Northern Trust continually innovates and invests in technology in support of its clients, delivering a differentiated approach to trading that includes ITS, offered through Institutional Brokerage.
  • Both are part of Northern Trust Capital Markets, which also provides foreign exchange, securities lending and transition management services.

Citi Expands Its Payments Innovation Toolkit with Investment in Icon Solutions

Retrieved on: 
Wednesday, December 6, 2023
Fintech, Professional Services, Finance, TTS, Citigroup, Entrepreneurship, Investment, ISO, Public sector, Ecosystem, World Integrated Trade Solution, IPF, Treasury, Architecture, Bank, Cryptocurrency

Citi Treasury and Trade Solutions (TTS), within Citi’s Services organization, has made an investment in Icon Solutions, a leading fintech provider of payments technology and consultancy services.

Key Points: 
  • Citi Treasury and Trade Solutions (TTS), within Citi’s Services organization, has made an investment in Icon Solutions, a leading fintech provider of payments technology and consultancy services.
  • In addition to the investment, Citi plans to expand its use of the Icon Payments Framework (IPF) to enhance its micro-services orchestration architecture.
  • This investment and relationship with Icon Solutions demonstrates Citi’s strategy of working with fintechs to strengthen its technology and payments capabilities.
  • As part of the program, Citi is working with and has invested in Icon Solutions to expand its innovation toolkit and futureproof its payments services.

Citi Named World's Best Digital Bank and Best Corporate/Institutional Digital Bank for 2023 by Global Finance Magazine

Retrieved on: 
Thursday, November 30, 2023
Professional Services, Technology, Finance, Software, Banking, Internet, Yoy, Treasury, Global Finance (magazine), Investment, World Integrated Trade Solution, Intelligence, YTD, Financial system, Machine learning, API, Neobank, Digital, YOY, Digital Divide Data, Cryptocurrency, Citigroup

Citi has been named Best Digital Bank 2023 by Global Finance Magazine.

Key Points: 
  • Citi has been named Best Digital Bank 2023 by Global Finance Magazine.
  • Global Finance also named Citi Best Corporate/Institutional Digital Bank Globally, as well as best in several regional categories.
  • “With artificial intelligence and machine learning rapidly advancing, the standards for the best digital offerings are constantly evolving,” said Joseph Giarraputo, founder and editorial director of Global Finance.
  • “Global Finance’s Best Digital Bank awards honor those financial institutions blazing the digitalization way.”
    "Citi is honored to be recognized by Global Finance Magazine as the World's Best Digital Bank for 2023,” said Shahmir Khaliq, Citi’s Head of Services.

MarketAxess Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, October 25, 2023
Fintech, Professional Services, Finance, ADV, Tax, FINRA, VIX, Public expenditure, ETF, EBITDA, Trax, MarketAxess, GAAP, Acquisition, TRACE, Bank statement, World Integrated Trade Solution, Webcast, ID, Financial Accounting Standards Board, Information services, Depreciation, Investment, FPM, Automation, Calendar, Table, Composite, Internet Open Trading Protocol, Bank, Cryptocurrency, Tutoring, Security (finance), Bookkeeping, Eurobond, Pragma

Estimated price improvement2 delivered via Open Trading in the quarter was approximately $120 million and is $529 million year-to-date through September 2023.

Key Points: 
  • Estimated price improvement2 delivered via Open Trading in the quarter was approximately $120 million and is $529 million year-to-date through September 2023.
  • Employee headcount was 853 as of September 30, 2023, compared to 732 as of September 30, 2022 and 803 as of June 30, 2023.
  • Refer to “Non-GAAP financial measures and other items” for a discussion of changes made to the calculation of EBITDA beginning in the first quarter of 2023.
  • Starting with the first quarter of 2023, our calculation of EBITDA has been revised to adjust for interest income in addition to interest expense.

Citi and Navan Launch First Complete Travel and Expense System for Citi Commercial Bank Clients

Retrieved on: 
Thursday, October 19, 2023
Professional Services, Other Travel, Vacation, Finance, Banking, Travel, Foreign exchange market, CCB, Payment, TTS, T&E, World Integrated Trade Solution, Shenzhen City Commercial Bank, Gonca (ship), Commercial bank, Online shopping, Cryptocurrency, Citigroup

Citi and Navan, a leading modern travel and expense management solution, today announced the launch of a new, jointly branded travel and expense system designed for Citi Commercial Bank (CCB) cardholders.

Key Points: 
  • Citi and Navan, a leading modern travel and expense management solution, today announced the launch of a new, jointly branded travel and expense system designed for Citi Commercial Bank (CCB) cardholders.
  • As the industry’s first complete end-to-end corporate Travel and Expense (T&E) management collaboration of this scale, the system will initially be available only to U.S.-based Citi Commercial Bank clients.
  • Citi’s Treasury and Trade Solutions (TTS) business is collaborating with Citi Commercial Bank to deliver a differentiated offering for Citi’s mid-market clients.
  • Today, Navan and Citi are helping to make travel and expense management easy for Citi Commercial Bank clients.”

MarketAxess to Host Conference Call Announcing Third Quarter 2023 Financial Results on Wednesday, October 25, 2023

Retrieved on: 
Friday, October 6, 2023
Software, Networks, Finance, Data Management, Professional Services, Technology, Fintech, Security, Webcast, ID, MarketAxess, World Integrated Trade Solution, Cryptocurrency, Internet service provider

MarketAxess Holdings Inc. (Nasdaq: MKTX) the operator of a leading electronic trading platform for fixed-income securities, will issue a press release announcing its third quarter 2023 financial results on Wednesday, October 25, 2023, before the market opens.

Key Points: 
  • MarketAxess Holdings Inc. (Nasdaq: MKTX) the operator of a leading electronic trading platform for fixed-income securities, will issue a press release announcing its third quarter 2023 financial results on Wednesday, October 25, 2023, before the market opens.
  • Chris Concannon, Chief Executive Officer, Richard Schiffman, Global Head of Trading Solutions and Christopher Gerosa, Chief Financial Officer, will host a conference call to discuss the Company’s financial results and outlook on Wednesday, October 25, 2023 at 10:00 a.m.
  • To access the conference call, please dial 888-660-6576 (U.S.) and use the ID 3629577 or dial 929-203-1995 (international) and use the ID 3629577.
  • The Company will also host a live audio Webcast of the conference call on the Investor Relations section of the Company's website at http://investor.marketaxess.com .

Citi Develops New Digital Asset Capabilities for Institutional Clients

Retrieved on: 
Monday, September 18, 2023
Professional Services, Technology, Blockchain, Cryptocurrency, Finance, Banking, Regulation, Partnership, TTS, Aircraft, Public sector, World Integrated Trade Solution, Citigroup, Friction of distance, Digital asset, Maersk

The service uses blockchain and smart contract technologies to deliver digital asset solutions for institutional clients.

Key Points: 
  • The service uses blockchain and smart contract technologies to deliver digital asset solutions for institutional clients.
  • Citi Token Services will integrate tokenized deposits and smart contracts into Citi’s global network, upgrading core cash management and trade finance capabilities.
  • Institutional clients have a need for ‘always-on’, programmable financial services and Citi Token Services will provide cross-border payments, liquidity, and automated trade finance solutions on a 24/7 basis.
  • The development of Citi Token Services is part of our journey to deliver real-time, always-on, next generation transaction banking services to our institutional clients.

Citi GPS: Cross-Border Payments to Transform Financial Industry, Ushering Best-in-Class Experiences for Clients

Retrieved on: 
Monday, September 18, 2023
Banking, Asset Management, Professional Services, Finance, D2C, API, Bank of England, Research, Fiat, Fintech, Community business development corporation, Future, World Integrated Trade Solution, GDP, Artificial intelligence, Growth, 24/7 service, Bank, Retail, Cryptocurrency, Metaverse, Citigroup

’ Its findings indicate that the expected increase of cross-border payments presents a major opportunity for players in this space.

Key Points: 
  • ’ Its findings indicate that the expected increase of cross-border payments presents a major opportunity for players in this space.
  • “Our industry is on a journey to reach the next phase of evolution within cross-border payments.
  • “The world of cross-border payments has never been more attractive from a business opportunity perspective,” says Amit Agarwal, Global Co-Head Payments & Receivables, Citi Treasury and Trade Solutions.
  • It also outlines the key findings from a survey of more than 100 of Citi’s financial institution clients.

Citi Launches Suite of Auto-Enabled Payment Solutions for Financial Institutions

Retrieved on: 
Thursday, September 14, 2023
Personal Finance, Payments, Finance, Banking, Professional Services, Technology, Fintech, Digital Cash Management, Digital Assets, Transfer, TTS, FI, USD, Public sector, World Integrated Trade Solution, Treasury, Citigroup, FIS, Payment system, Financial institution, Large Value Transfer System, CVT, Cryptocurrency

Citi Treasury and Trade Solutions launches a set of four payment solutions for Financial Institution (FI) clients, which are designed to improve the client experience for their end users.

Key Points: 
  • Citi Treasury and Trade Solutions launches a set of four payment solutions for Financial Institution (FI) clients, which are designed to improve the client experience for their end users.
  • Citi now has more than 100 FI clients using its 24/7 USD Clearing service since its launch in late 2022.
  • Access to Swift Go: Citi can now process, upon FI clients’ requests, payments via Swift Go, Swift’s recent payments service.
  • Citi Treasury and Trade Solutions (TTS) helps enable our clients' success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions, and public sector organizations across the globe.

MarketAxess Reports Second Quarter 2023 Results

Retrieved on: 
Thursday, July 20, 2023
Professional Services, Finance, Communication, Bank statement, Table, ADV, Calendar, Tax, GAAP, World Integrated Trade Solution, Internet Open Trading Protocol, ID, Public expenditure, Financial Accounting Standards Board, ETF, EBITDA, Investment, TRACE, Webcast, Trax, Composite, FINRA, Depreciation, FPM, United States Department of the Treasury, MarketAxess, Automation, Bank, Video game, Security (finance), Cryptocurrency, Bookkeeping, Eurobond

Estimated price improvement4 via Open Trading was approximately $157 million in the quarter and is $409 million year-to-date through second quarter 2023.

Key Points: 
  • Estimated price improvement4 via Open Trading was approximately $157 million in the quarter and is $409 million year-to-date through second quarter 2023.
  • Employee headcount was 803 as of June 30, 2023, compared to 684 as of June 30, 2022 and 774 as of March 31, 2023.
  • Refer to “Non-GAAP financial measures and other items” for a discussion of changes made to the calculation of EBITDA beginning in the first quarter of 2023.
  • Starting with the first quarter of 2023, our calculation of EBITDA has been revised to adjust for interest income in addition to interest expense.