Turquoise selects Citi Global Transaction Services
03/06/2009
Citi's Global Transaction Services business has been chosen by Turquoise as a general clearing member and settlement agent for transactions executed via the newly established TQ Channel, which will provide centralised anonymous access to the non-displayed liquidity of a variety of liquidity partners

Fuente:  http://www.bankingtech.com   Fecha: 3.06.2009

In August 2008, Citi launched its general clearing member services for European Central Counterparty who are now providing all clearing, settlement and risk management services to Turquoise inclusive of TQ Channel transactions, whilst Citi's Global Transactions Services business is serving as EuroCCP's settlement agent.

Satvinder Singh, managing director and head of Citi's Direct Custody and Clearing/ Intermediaries business in Europe, Middle East and Africa, Citi, said, "We are proud to provide Turquoise with solutions that will continue to help them remain innovative and efficient. Citi, being one of the largest providers of direct custody and clearing services in EMEA and globally, is committed to finding solutions that enable our clients to maximise opportunities presented by the changing European landscape."