Citi Expands SMA Hub
August 11, 2008
Citi has expanded its proprietary managed accounts connectivity hub with CitiConnect, specifically designed for separately managed accounts (SMAs). Developed by Citi's securities and fund services business, CitiConnect is the most comprehensive hub to date for straight-through processing of reconciliation, trading and allocations in the managed accounts industry.
Users can send trades on all their SMA accounts from one unified order management system that connects across multiple styles, sponsors and programs. The main benefit is unified trade processing from a single platform, and the ability to step-out trades, according to Citi.
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