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Bloomberg Chat-Based FX Trading Tool Offers Proven Efficiencies

May 23, 2013

NEW YORK — To meet the growing needs of foreign exchange (FX)
clients around the world, Bloomberg today unveiled Instant
Bloomberg (IB) Dealing, a cost-effective, chat-based platform
for FX traders. IB Dealing is already being used by more than
100 global banks across 46 countries for trade negotiation,
execution and straight-through processing (STP).

Citi collaborated with Bloomberg to enhance IB Dealing and its
adoption of the platform generated department-wide cost savings
by reducing the number of other trade communication systems used
by its FX and emerging markets trading desks.

“Bloomberg’s IB Dealing capabilities have significantly reduced
the costs of our foreign exchange trading operations and
improved our internal communication,” said David O’Shea,
Director of Emerging Market FX and EMFX E-commerce at Citi New
York. “By developing a single integrated platform, Bloomberg has
produced a solution that Citi will be able to rely on for years
to come.”

IB Dealing meets Citi’s monitoring and compliance guidelines and
is now used by its FX and emerging markets traders worldwide to
securely send and receive trade and pricing information,
internally and externally. The platform is available as part of
the Bloomberg Professional service, which is also used across
Citigroup’s organization for data, news and analytics.

“IB Dealing – which has been developed in collaboration with FX
traders – provides the global FX community with the capabilities
it needs to negotiate transactions, electronically execute and
report trades using one, integrated platform,” said Tod Van
Name, Bloomberg’s Global Head of FX, Economics and Commodities.
“Customer service is Bloomberg’s utmost priority and our clients
are increasingly looking to Bloomberg for innovative and
efficient end-to-end solutions that provide exceptional value in
today’s challenging environment.”

IB Dealing, used to negotiate and confirm spot, outright, non-deliverable forwards (NDFs), deposits and option transactions,
is integrated with Bloomberg’s instant message capabilities and
multi-bank trading platform, FXGO. Bloomberg’s communication
tools
, including instant message and group chat functionality,
connect more than 315,000 business and financial subscribers in
a secure environment.

All subscribers to the Bloomberg Professional service can access
IB Dealing by typing IBD<GO>. Clients and prospects can get more
information on Bloomberg’s complete FX solution by visiting
www.bloomberg.com/fx.

About Bloomberg

Bloomberg, the global business and financial information and
news leader, gives decision makers a critical edge by connecting
them to a dynamic network of information, people and ideas. The
company’s strength – delivering data, news and analytics through
innovative technology, quickly and accurately – is at the core
of the Bloomberg Professional service, which provides real-time
financial information to more than 315,000 leading business and
financial professionals around the world.

The Bloomberg Professional service is owned and distributed by
Bloomberg Finance LP. For more information go to
www.bloomberg.com.

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://new.citi.com | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi

Contacts for Bloomberg:

U.S. – Sabrina Briefel, sbriefel@bloomberg.net, +1-212-617-1993

APAC – Debbie Liew, dliew2@bloomberg.net, +65-6212-1166

EMEA – Natalie Harland, nharland1@bloomberg.net, +44-20-3525-8820

Contact for Citi:

Global – Scott Helfman, scott.helfman@citi.com, +1-212-816-9241