Citigroup doubles e-FX volume in first half

"The combined effect of our upgrades to Chief Dealer, the launch of CitiFX Trader, and an increase in our market share on FXall, is a 90% increase in volumes through our e-FX business in 2004 alone," said Vikas Srivastava, global head of e-commerce at Citigroup in London.

Chief Dealer is the bank's core online FX trading platform, targeting corporates and fund managers. It provides live streaming dealable rates for FX spot, forwards and swaps in more than 90 currencies. It also incorporates C

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