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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...