20 May 2018

Citadel Securities acquires automated trading desk assets from Citi

16 May 2016  |  2304 views  |  0 Source: Citadel Securities

Citadel Securities LLC, one of the top liquidity providers and market makers in the world, today announced that it has acquired certain assets of Automated Trading Desk Financial Services, LLC ("ATD"), a leading automated equities market making business, from Citi.

The addition of these ATD assets is the latest step in the expansion of Citadel Securities. This transaction will further enhance Citadel Securities' position as an industry leader, help the firm provide retail investors with access to additional liquidity and offer strong execution quality to more clients.

"This acquisition supports the growth of our industry-leading equities business and reflects our commitment to leveraging our global footprint, cutting-edge technology and trading expertise to meet the diverse needs of our clients as traditional providers continue to exit this space," said Jamil Nazarali, Head of Citadel Execution Services.

The acquisition follows the recent announcement of Citadel Securities' purchase of KCG Holding's Designated Market Maker business at the New York Stock Exchange.

Citadel Securities is the leading retail equities market maker, executing approximately 14%1 of U.S. consolidated volume in listed equities and 34%2 of U.S. retail equities volume as well as approximately 21%3 of U.S.-listed equity options volume.

Established in 2002, Citadel Securities has a long track record of transforming markets through solutions that reduce trading costs, increase transparency, and improve execution quality for all investors.

Citadel Securities has partnered with ATD and Citi to transition clients to its platform.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit iliad-solutions.com/visit www.ebaday.com

Top topics

Most viewed Most shared
Ripple moves to build ecosystem around XRPRipple moves to build ecosystem around XRP
9634 views comments | 5 tweets | 7 linkedin
IT implications and the need to pivotIT implications and the need to pivot
9489 views comments | 2 linkedin
HSBC claims blockchain breakthrough for trade financeHSBC claims blockchain breakthrough for tr...
9353 views comments | 14 tweets | 16 linkedin
Irish bank caught in social media spying stormIrish bank caught in social media spying s...
8085 views comments | 25 tweets | 16 linkedin
Former JPMorgan blockchain leads unveil new startupFormer JPMorgan blockchain leads unveil ne...
7276 views comments | 2 tweets | 2 linkedin

Featured job

(GBP Equivalent) Six-Figure Base + OTE + Benefits
New York City, NY - USA

Find your next job