Citi Investor Services has launched Custody+, a modular solution built for near real-time and real-time custody needs, according to Business Wire. The company said the offering is designed to meet operational demands tied to continuous trading markets, compressed settlement cycles, and ongoing technology changes. Citi also said it has completed the deployment of its patented Single Event Processing, or SEP, technology in the U.S. market. More than 80% of total event volume is now being processed in real time, based on the company’s statement. The update centers on custody operations and processing speed, with Citi framing the product as a response to changing market structure and workflow requirements.
Citi Investor Services has launched Custody+, a modular solution aimed at near real-time and real-time custody needs, according to Business Wire.
The company said the product is intended to address operational demands created by continuous trading markets, compressed settlement cycles, and technology change.
Citi also said it has completed the deployment of its patented Single Event Processing, or SEP, technology in the U.S. market, with more than 80% of total event volume now handled in real time.
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