Core Forex Dealing Principles

Our Core Dealing Principles

Citi is on your side. 

Citi has deployed best practices developed over decades of FX trading into its CitiFX Pro platform. Our goal is to bring fair and equitable pricing and order-handling practices to all our clients. Let’s talk about some of these specifically:

Pricing

Neutrality in Pricing: All our clients are priced off the same pricing feed, which means that our clients never receive pricing that is skewed (directionally biased) in a client-specific manner. This is important insofar as clients never receive pricing that is skewed on factors such as: expectations of dealing style, client positions, or any other such factors. Please note, certain clients may receive narrower bid-ask spreads based on high volumes traded on the platform. We are always happy to have a discussion on these bid-ask economics with clients based on high levels of committed trading volumes.

Reflects underlying (interbank market): All pricing offered by CitiFX Pro always reflects prevailing levels in the underlying interbank market*. Prices do not depart significantly from these prices, unless for circumstances outside our control, such as technology latency. This is important because clients must have confidence that the prices they are getting reflect the currently prevailing interbank market prices (that is, prices traded at that moment between the major interbank market participants).

*assuming normal technology functioning including price latency and the potential effect of mis-feeds in the underlying price contributions.

Order-Handling

All orders are triggered based on the price feed received by you. This price feed always reflects the underlying prevailing market prices* (plus/minus the bid/ask spread) with no interference. Some clients have concerns about unexplained spikes or sudden market moves in the price feed that may trigger orders but do not correspond to moves in the underlying market. This is particularly important if spikes trigger the execution of stoploss orders. CitiFX Pro’s pricing feed always reflects the underlying market*—this is our assurance to you.

*assuming normal technology functioning including price latency and the potential effect of mis-feeds in the underlying price contributions.

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Trading foreign exchange involves a high degree of risk. CitiFX Pro offers trading on margin. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your entire investment. Before opening an account and trading, you should ensure that you understand the risks and can withstand the losses and that you seek advice from your advisors as appropriate.In the United States, CitiFX Pro is a service offered by Citibank N.A., New York, 390 Greenwich Street, New York, NY 10013. Citibank N.A. is an entity organized under the laws of the United States of America.Please review the Risk Disclosure and Privacy Disclosure carefully before opening an account.
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