Citi Expands Managed Accounts Connectivity
CitiConnect Offers Straight-Through Processing
July 31, 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.
“CitiConnect for SMAs provides our clients with unified trade processing from a single platform,” said Jonathan Flitt, head of SMA connectivity at Citi’s investment administration services. “Its features and functions lead the SMA industry by supporting the ability to trade away and step-out on an electronic basis, thereby providing an unsurpassed level of automation.”
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