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

Q&A: Biotech Investing with Crossover Fund RA Capital

Sep 15 2015 | 5:40pm ET

Boston-based RA Capital Management is an intriguing mix of sophisticated life sciences...


Citadel Supports Manhattan Real Estate With Record Deal

Sep 16 2015 | 3:04pm ET

Never count hedge funds out of a big property deal. The Manhattan real estate market...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note

Upcoming Events