Functions of The Foreign Exchange Dealing Room - Essay Example

Additionally, there is also needs to assess on what are so special in the foreign exchange market, which can simply explains its interesting aspects before reaching to its functions, with referencing attach to Citibank. Before beginning to discuss about the functions of Foreign exchange dealing room, with sighting referencing with Citibank, there is need in a nutshell to know about the history of the bank as far back to its initial take up. It is found that "On June 16, 1812, with $2 million of capital, City Bank of New York (now Citibank) opened for business in New York City.

Through many different leaders and economic environments over the course of its rich history, Citibank continues to grow and prosper. In 1998, all Citicorp divisions merged with all divisions of Travelers Group to form Citigroup Inc. Citibank continue as a strong brand under the Citigroup umbrella". (Citibank NA). Today, the Citibank has about 200 million account customers in more than 100 countries globally. It is ranked in the world Market that Citibank is leading globally in the foreign exchange (citiFX) market, as the team of experts in that field always ensures that they meet the customer's needs.

While dealing with the Citibank, it is confirmed that you will be able to get feedback constantly about the issue of foreign exchange, which relates to International, regional and the local market. You will also getting details on the position of current financial market, so one can take immediate decision at the exact time needed. Moreover, it is noted that the Citibank (Customer Advantage) is of great good in terms of attaching customer's priority. According the Bank statement, "Citibank's financial market customer proposition is based on fair pricing, rapid execution, 24-hour delivery and innovative solutions.

These services are delivered in the context of long-term relationships that pre-empt new customer needs for liability management, yield enhancement and implementation of market views. Citibank offers a diverse portfolio of products