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

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

Business Wire

LONDON -- November 13, 2012

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

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 Systemsis a London based neutral financial technology
providerofferingcomprehensive e-FX STP solutions for brokers,
banksandtheir 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 manualand algorithmicNDD 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 | Twitter: @Citi |
YouTube: | Blog: | Facebook: | LinkedIn:


Spotware Systems Ltd
Brian Martin
Tel: +44 (0) 207 743 8805
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