Knight Wants Stake In Citadel Trading Facility

May 27 2010 | 10:43am ET

Knight Capital Group is in talks to take a stake in a European multi-lateral trading facility majority owned by Citadel Investment Group.

Knight, which is the largest trader of U.S. shares, hopes the stake in Equiduct Systems will facilitate its further expansion in Europe, where it recently introduced smart order routing and algorithmic trading strategies services. The negotiations were first reported by Bloomberg News.

Citadel bought a majority stake in Equiduct from the alternative trading platform’s founder, Börse Berlin, in July. The Chicago hedge fund giant then named Peter Randall, who founded the competing Chi-X Europe platform, as its CEO.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of