Hedge Funds

Citigroup rolls out new tech platform for hedge funds


Citigroup has announced the launch of a new technology platform aimed at providing more front-to-back solutions for hedge fund clients. The platform, which comes as Citi seeks to grab a bigger share of the prime brokerage business, also makes it easier for funds to use multiple prime brokers.

The service, called OpenPrime, focuses on four core functions: order and portfolio management, portfolio analytics and reporting, trade entry and routing, and portfolio accounting.

The platform provides a trading and portfolio management solution that facilitates multi-strategy, multi-asset class and multi-currency investing. Moreover, the technology aims to provide a neutral and secure