WASHINGTON (dpa-AFX) - Citi's Markets Strategic Investments unit has made a
strategic minority investment in Cicada Technologies Inc. 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.

In 2022, Cicada launched an all-to-all electronic alternative trading system
that helps global institutional buy-side and sell-side market participants trade
Mexican Government fixed-income securities among each other without the need of
a pre-existing trading relationship.

Jose Luis Yepez, Head of Local Markets Rates Trading at Citi, said: 'As a
leading liquidity provider in the Mexican government bond market, our
participation in Cicada's platform reflects our ambition to be at the forefront
of electronic trading.'

Citi said it will also act as a liquidity-provider for the trading platform.



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