Citi has launched a proprietary bot technology solution in Hong Kong to offer its securities services clients real-time processing for matching and settlement, giving them the ability to view their trade status consistently throughout the day and to activate stock borrowing in a timely fashion if needed. Citi’s solution uses bot technology to pull data throughout the day from the clearing house and depositary system in Hong Kong, sending them in real time to Citi’s custody system, and from there onwards to clients.
According to Citi, this represents a significant development for clients over their current trade status visibility which relies on specific matching/settlement batch runs available to market participants, with any requests outside of these windows having to be manually pulled. Citi’s solution helps clients save manual queries and reduce potential fail trades/buy-in costs by determining early if they need to activate any necessary actions including stock borrowing.