New York, NY (BBN)– Citi has announced the launch of e for Education, a three-month initiative to raise funds for education-related nonprofits around the world.

Beginning on Monday and through December 31, Citi will donate funds to several charities based on a percentage of institutional client FX transaction volumes executed through its electronic trading platform, Velocity.

Citi Velocity is an award-winning proprietary FX electronic trading platform for institutional clients. It provides real-time pricing with one-click trading for multiple foreign exchange products, including spot, forwards, swaps and options.

Citi Velocity is used by a large number of Citi’s institutional clients globally not only for trading but also as their source for research, economics, FX market color and post-trade activity.

“We believe e for Education is the first and certainly the largest effort by a firm seeking to translate its electronic FX trading activity into philanthropic dollars,” said Jeff Feig, Citi’s Global Head of G-10 FX. “Citi believes that access to quality education is the key to unlocking a lifetime of opportunity and we are excited to launch an initiative that will benefit youth around the world.”

Six organizations, spanning a range of geographies and core focus areas, were selected to benefit from the e for Education initiative. Funds will be donated to each organization based on the geographic location of individual Citi Velocity clients, although users can also override the default and earmark their corresponding donation to any e for Education organization of their choosing.

BBN/SSR/AD-02Oct13-10:56 am (BST)