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Cicada has built an innovative all-to-all electronic alternative trading system for global institutional market participants that trade Mexican government bonds.
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Citi has made a strategic minority investment in Cicada and will act as a liquidity-provider for the trading platform.
NEW YORK, May 08, 2024–(BUSINESS WIRE)–Citi has made a strategic minority investment in Cicada Technologies Inc.
The investment was made by Citi’s Markets Strategic Investments unit, which is responsible for the sourcing and execution of strategic investments relevant to Citi’s Markets franchise. Citi will also act as a liquidity-provider for the trading platform.
Cicada is a fintech based in Greenwich, CT that also has a presence in Mexico. Citi joins existing investors Kaszek Ventures, Dila Capital and BCP Securities.
Cicada has built an innovative all-to-all electronic alternative trading system (ATS)…
