VENUE FILE · filed 2026-09 · last re-checked 2026-09
Citi FX (Velocity) — the liquidity layer, one venue at a time
Citi FX (Velocity) serves as a key provider of Tier-1 FX liquidity through its e-FX platform, connecting institutional clients to major interbank venues.
Citigroup Inc. (FX via Citigroup Global Markets Limited, UK; Citigroup Global Markets Inc., US) · New York, USA · evidence score 98/100
Licence, read on the register
| 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.
The claims ledger
Claims specific enough to be falsified — and the ones that remain the venue's own measurement.
- 3testable claims
- 1venue-measured claims
- 4named data centres
- 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 assess than one that doesn't. The refusal list is treated here as disclosure, not as a defect.
What the desk watches next
The follow-up plan attached to this file — each item re-checked on a future pass, dated and kept falsifiable.
- Verification of self-measured FX market share claims
- Limitations of FCA and SEC tier 1 licenses