Citadel's Equiduct Passes Trading Milestone

Dec 2 2010 | 1:31pm ET

Equiduct Systems, the multilateral trading facility majority-owned by Citadel Investment Group, is growing even as Europe's larger stock exchanges report slowdowns in trading.

The year-and-a-half-old bourse traded €1 billion for the first time in November, and did it with a whole week to spare. While it trades only a fraction of the volume of the London Stock Exchange and other leading European bourses, it is "the fastest-growing European platform," CEO Peter Randall told Reuters.

Randall, founder of Equiduct rival Chi-X Europe, joined Equiduct last December. Citadel bought a majority share of the business from founder Börse Berlin last July, just months after it was set up.


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