Local expertise and global knowledge underpins the services provided by our Australian Global Markets team. Through a high-technology sales and trading platform, a role as the world's leading underwriter of equity and debt, and access to one of the largest retail brokerage networks in Australia and the United States, we offer comprehensive financial solutions and highly efficient execution services for issuers and investors. We participate in underwriting, structuring, sales and trading across all asset classes including equities, corporate, government and agency bonds, asset-backed and mortgage-backed securities, syndicated loans, structured products, foreign exchange and futures.
Since the late 1980s, Citi has consistently been one of the top five brokers as measured by market share on the Australian Stock Exchange. This is the result of a commitment to deliver the best local and international sales, trading, execution and dealing services to our institutional investors.
Equities trading is conducted electronically through our Global Order Management System, which links customers to international and local exchanges for cash and equity derivatives products. This platform, combined with independent research, enables our teams in all major financial markets to meet investors' most complex needs.
Program Trading increasingly represents a significant portion of trades on the world's largest stock exchanges. With sixty professionals around the world, it is a business in which Citi plays a dominant role. As a result, our market share in Australia remains significantly higher than that of our nearest competitor. We are also one of the leading providers of Transition Management services.
In the fixed income markets, our team is one of the largest single traders of Australian and New Zealand corporate and government paper. We cover all secondary debt markets including within the government and corporate bond markets, as well as credit derivatives, secured financing, money market and commercial paper. This is part of a broad range of investment opportunities and advisory services for investors and treasurers.
Our foreign exchange services cover every geography and time zone to trade in over 100 currencies.
Citi places great value in our relationships with all clients and so, over many years, we have created and delivered best execution outcomes for clients in a single exchange market within Australia. With the introduction of exchange market competition from October 2011, our commitment to best execution remains as strong as ever and we welcome the opportunity to apply our expertise in this framework.
The objective of this Best Execution Policy (the 'Policy') is to establish how Citi will take all reasonable steps to achieve best execution outcomes when handling and executing clients' orders in Australian equity markets. To obtain a copy of the Citigroup Global Markets Australia Best Execution Policy please visit CGMA Best Execution Policy
Citi is a pioneer in the equity, equity-linked and debt derivative transactions market. Our derivatives risk management systems are at the cutting edge as are our pricing technologies. The same goes for the skilled professionals who offer extensive market-making and facilitation services across a broad product range. Citi is highly ranked by industry trade publications for its services in equity, currency and credit derivatives.
CitiWarrants and Structured Products are a major issuer of Warrants and Structured Investments for Australian retail investors and financial intermediaries. Within a broad range of trading and investment products, our specialisations include Index Warrants as well as Single Stock Warrants and Instalment Warrants covering more than fifty of Australia's blue-chip shares. Citi's interest rate derivatives group covers all plain vanilla swap-based products including overnight index swaps, cross currency swaps plus a large range of options, structured or tailored products and exotics.
For more information on CitiWarrants and Structured Products visit http://www.citiwarrants.com.au/
Distribution reach, product innovation and capital commitment make Citi a leader in the origination, structuring, marketing and pricing of equity, equity-linked and debt securities. Our local and global presence means few others can match what we offer when it comes to capital market products. Our equities expertise embraces Initial Public Offerings, follow-on placements, secondary offerings, block trades and restructuring options including buy-backs, spin-offs and carve-outs. In the debt markets, Citi is a lead manager of local and cross-border issues. We advise issuers seeking access to established global markets in the US, Europe and Japan as well as new markets such as China. Citi is one of the largest managers of international debt issuance for Australian companies in the world. Whether it is a multi-currency bond issue, a highly complex securitisation or the syndication of loans, we can offer the right solution and execute with precision.