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Citi Offers Foreign Exchange App for iPhones, BlackBerries

Lets individuals and small institutions trade 130 currency pairs on any device with a web browser.

Citi today announced the launch of CitiFX Pro Mobile, a mobile version of CitiFX Pro, Citi's online foreign exchange trading platform for active individual and small institutional traders. CitiFX Pro Mobile is accessible via portable digital devices and mobile phones including the iPhone, the iPod touch and BlackBerries.

Citi says the retail FX market is growing rapidly at a rate of 30% and the overall FX market and has increased in volume over 600% in the last 10 years; $3.2 trillion in volume is traded daily. The Euro alone is traded at a level of over five times the entire NYSE, according to Citi.

"CitiFX Pro clients can now access their accounts and trade anywhere in the world at any time through their desktop, internet or mobile device," said Sanjay Madgavkar, head of Citi FX Pro. "The addition of CitiFX Pro Mobile to the CitiFX Pro platform is yet another way Citi is giving our individual and small institutional clients real-time access to the FX markets, allowing them to trade more effectively and better manage their risk exposure."

CitiFX Pro offers clients the ability to access trading capabilities in more than 130 currency pairs in addition to free research, FX market commentary and 24-hour customer support. CitiFX Pro also offers unlimited FDIC coverage on U.S. dollar margin deposits.

CitiFX Pro applicants in the U. S. who open an account between May 18th and June 18th (and meet certain conditions) will get an Apple Gift Card valued at $300. The gift card can be used towards the purchase of an iPod Touch or iPhone or any other Apple product.

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