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

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...