COUNTERPARTY FILE · last re-checked 2026-09
Citi FX (Velocity) — institutional liquidity provider
This record reflects the current standing of Citigroup Inc. in the FX market, with noted limitations.
Licence, read literally
| Regulator | Licence number | Jurisdiction | Tier | Source |
|---|---|---|---|---|
| FCA (Citigroup Global Markets Limited) | 124384 | UK | tier-1 | open source ↗ |
| SEC/FINRA (BrokerCheck, Citigroup Global Markets Inc.) | 8-8177 | US | tier-1 | open source ↗ |
| SEC (EDGAR, Citigroup Inc.) | 0000831001 | US | tier-1 | open source ↗ |
Tier classification follows the same scale as the retail register: tier-2 means real supervision and client-money segregation, without an investor compensation scheme — never misread it as tier-1 protection.
Residuals a counterparty carries
Unpublished trading venues
Citi's FX venues are standard interbank venues and are not confirmed on their own FX pages.
Source: firm disclosures page
Self-measured claims
Citi FX reports self-measured FX market-share and revenue-rank claims, which may lack external verification.
Source: self-measured claims
The claims ledger
Claims specific enough to be falsified — and the ones that remain the venue's own measurement.
Testable claims
- Citi Velocity is an intuitive, efficient, end-to-end FX solution; clients gain visibility over user trading activity and can permission access across entities (citigroup.com/global/businesses/markets/fx)
- Velocity 3.0 consolidated Citi's eFX platforms into one HTML-architecture solution (Business Wire release, 23 Feb 2023)
- Citi was founded in 1812 as the City Bank of New York (citigroup.com heritage page)
Claims we cannot verify from outside
- FX market-share / revenue-rank claims (self-measured, e.g. FX Markets' revenue tables)
Perimeter and coverage
| Asset classes | Venues | Connectivity | Clients accepted | Explicitly refused |
|---|---|---|---|---|
| FX spot, FX forwards, FX swaps, NDFs, FX options, Benchmark orders (fixings) | EBS, Reuters, CME FX, CLS | FIX, REST/API, Citi Velocity 3.0 platform | Banks, Institutional investors, Asset managers, Hedge funds, Corporates | Retail clients |
A firm that publishes its own negative space — who it refuses, where it is not licensed — is materially easier to diligence than one that doesn't. The refusal list is treated here as disclosure, not as a defect.