The new intelligent option algorithmic functionality expands upon Citi's existing Option DMA and Option Algo Order Types. All of these strategies utilize Citi's proprietary smart routing logic, which provides clients with unique liquidity and price improvement opportunities while avoiding information leakage.
The new options smart algorithmic suite includes several dynamic strategies for increased order execution flexibility and improved execution performance. In addition to the TWAP and SmartPeg strategies, Citi is adding equity options to its flagship algorithm with multiple levels of aggression.
Earlier this year, Citi added pairs trading functionality for equity securities to its platform, which allows traders to execute market neutral strategies to help leverage changing market conditions by simultaneously selling and buying highly correlated securities. Citi has also expanded its algorithmic platform to multiple non-U.S. destinations, including Mexico, Brazil and Canada.
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