TradingScreen Acquires Citi's BECS Multi-Broker Post-Trade License Exclusivity

LONDON, NEW YORK, HONG KONG and TOKYO, Jan. 4, 2011 /PRNewswire/ -- (http://www.myprgenie.com) --  TradingScreen, Inc., the premier global execution management system (EMS) providing multi-broker, multi-asset class trading systems to buy-side firms and institutions, today announced it is the exclusive licensee for Citi's multi-broker post-trade Best Execution Comparison Services (BECS). Effective immediately, TradingScreen will oversee all multi-broker post-trade analytics for BECS.

"We are very pleased to combine our well-known multi-asset class Transaction Cost Analysis (TCA) business 'TCA-in-a-Box' with the highly regarded BECS multi-broker post-trade system that Citi has developed over the past few years," stated Philippe Buhannic, Chief Executive Officer of TradingScreen. Mr. Buhannic added, "In many ways, it is a perfect match between TradingScreen's unparalleled integration of workflow, distribution capability, easy deployment, and the strong analytics of the BECS system." He then concluded, "This license will allow Citi to deploy an independent TCA capability to its large client base in a very easy manner while providing them with a new level of service and integration. This transaction represents a very important step towards the TradingScreen goal of offering a one-stop-shop destination for large institutional clients across the globe. We are very pleased that Citi has selected us as a partner to further enhance an already established product."

Dan Keegan, Global Co-Head of Citi's Electronic Markets, said, "We are pleased to partner with TradingScreen for licensing of the BECS multi-broker post-trade system. Their expertise will benefit our clients as we focus on the execution capabilities offered by the LavaFlow ECN, ColorBook smart order router, premier Citi Match dark pool, options and equities market making, and Citi's algorithmic product suite."

Acquired by Citigroup in April, 2004, BECS is a Web-based system that was fully-owned, but independently managed by Citigroup Global Markets.

About TradingScreen

TradingScreen is the leading independent provider of electronic trading solutions to the Buy Side. The company offers a suite of execution management and connectivity solutions encompassing all asset classes across global markets. TradingScreen's goal is to simplify the complexity caused by market fragmentation and the proliferation of asset class and broker specific trading tools, by consolidating execution management of both exchange traded and OTC instruments on a single platform. TradingScreen brings the major global sell side participants and leading regional brokers to a common environment. The benefit to clients is an exceptional reach across counterparties, products, geography, and services ranging from execution to algorithmic trading services, prime brokerage, and clearing. This functionality is delivered through a proven and reliable ASP install-and-support model. TradingScreen provides global coverage from offices in New York, Chicago, London, Paris, Madrid, Geneva, São Paulo, Hong Kong, Singapore, Sydney and Tokyo.

About Citi

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, 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 or www.citi.com.

Contact: Aitor Uria Saporiti, [email protected], +44 207 149 3141

Contact: Alex Samuelson, [email protected], +1 212 816 8022

SOURCE TradingScreen