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) that helps global institutional buy-side and sell-side market participants trade Mexican Government fixed-income securities without the need of a pre-existing trading relationship. The ATS is registered with the SEC and the broker-dealer activities of Cicada Securities…
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