NASDAQ OMX Europe today announced that it has entered into a partnership with Citi to provide routing broker services.
This partnership will enable NASDAQ OMX Europe to become the first MTF to offer a pan-European order routing service. In addition to providing market participants with access to the NASDAQ OMX Europe order book, the partnership with Citi will also enable customers to access multiple pools of liquidity across Europe.
Citi will provide its intelligent high-speed execution platform including the Neonet XG Market Gateway product.
"As a provider of market-leading electronic execution products for both the buy- and sell-side it is a privilege to be selected as the routing broker for NASDAQ OMX Europe," said Richard Evans, Global Head of Electronic Execution at Citi. "We continue to develop innovative solutions for our clients in the rapidly evolving post MiFID landscape."
"By partnering with Citi we will offer efficient, fast, and low-cost routing through NASDAQ OMX Europe to European primary markets and other MTFs," said Charlotte Crosswell, President of NASDAQ OMX Europe. "We will offer participants the ability to access markets throughout Europe through a single connection."
