News Releases

Citi Implements Market Data Compliance and Cost Savings Strategy Using NYSE Technologiesí New Managed Market Data Administration Service

YORK January 25, 2010 – Citigroup Inc. and NYSE Technologies, a division of NYSE Euronext (NYX) and a leader in market data products and services, announced today an agreement to embark on a wide-ranging market data compliance and cost savings strategy. The strategy includes the use of NYSE Technologies’ enhanced product suite, built on DART technologies, in collaboration with Jordan & Jordan, a market data management consulting and information technology services firm, to create a managed service that will facilitate the reduction of market data administration costs.

Citi, the first customer for NYSE Technologies’ new market data administration service, will use DART (Data Administration and Reporting Technologies) on a global basis to implement key aspects of its market data administration workflow. The service will include, among other things, direct reporting of entitlements to exchanges, exchange compliance, and the elimination of multiple user exchange fees across vendor platforms.

“Citi’s use of NYSE Technologies’ market data administration service is an industry-leading approach that emphasizes Citi's commitment to data compliance and expense control,” notes Don Madura, Global Head of Real Time Market Data at Citi. “This service allows us to enhance our data compliance, reduce our administration costs and better control our exchange fees. It’s part of our strategy of faithful reporting and paying only for what we use.”

“To have a global financial leader such as Citi select NYSE Technologies’ managed service is a tremendous validation of DART’s value and utility in today’s data-intensive environment,” said Jose Luis Coirolo, managing director of Global Market Data at NYSE Technologies.  “Our approach is to help customers reduce their costs, and increase their efficiency, by managing market data in smarter, more effective ways.  DART offers a complete range of global, exchange-agnostic tools and services that address most aspects of a firm’s administration of market data.”

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About Citi

Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at or

About NYSE Technologies

A division of NYSE Euronext (NYX), NYSE Technologies provides comprehensive transaction, data and infrastructure services and managed solutions for buy-side, sell-side and exchange communities that require next-generation performance and expertise for mission critical and value-added client services. This division operates four units: the Global Connectivity unit, offering one of the world's largest, most reliable financial transaction networks connecting firms and exchanges worldwide; the Trading Solutions unit, which creates and implements high performance, end-to-end messaging software and real-time market data distribution and integration products; the Exchange Solutions unit, which provides multi-asset exchange platform services, managed services and expert consultancy; and the Global Market Data unit, which offers a broad array of global market information products covering multiple asset classes. With offices across the U.S. , Europe, and Asia , NYSE Technologies' advanced integrated solutions for a wide range of services has earned the ability to power the trading operations of global financial institutions and exchanges. For additional information visit:]

About Jordan & Jordan

Jordan & Jordan (J&J) is a market data, management consulting, and information technology services firm specializing in the financial services and securities industry.  J&J brings seasoned industry professionals with practical experience in the financial services industry to work with our clients to meet the technology needs of their end users.  J&J's market data practice has assisted firms by managing multiple global market data risk assessment and compliance initiatives, coordinating multiple expense management initiatives, providing outsourcing services and interim staffing, and performing market data audits. Through the management consulting and technology practices, J&J has also assisted industry firms in providing solutions by evaluating business alternatives, developing practical strategies, selecting or developing suitable technology solutions, assisting in order routing execution technology, providing trade analytics and creating action plans and managing project implementation. Additionally, J&J manages the Financial Information Forum, FIX Protocol Limited and RIXML.  Jordan & Jordan has offices in New York, Chicago and London.  For additional information please visit:

Contacts for Press:

Katrina Clay
Media Relations
NYSE Euronext

Janis Tarter
Citi - Public Affairs

Thomas J. Jordan
Jordan & Jordan