The enhancement streamlines exchange-traded fund (ETF) creation and redemption processes on the firm’s global Advanced Citi ETF System (Aces) platform.
Citi Investor Services, part of Citi Services division, has enabled Financial Information eXchange (FIX) application programming interface (API) connectivity for Asia Pacific ETF clients on Aces, its global proprietary ETF platform. The integration will commence from Australia The FIX protocol is a global messaging standard for the real-time exchange of securities transaction information, and its adoption in the primary market order process has seen a significant uptick in the Asia Pac