Sunday, 24 May 2015
Last updated 2 days ago
Mar 8 2013 | 10:08am ET
Matt Cushman, who joined Citadel Securities from Knight Capital in 2011, has reportedly been let go as the firm restructures its automatic trading operations.
A person familiar with the situation told Reuters that Cushman is leaving as Citadel Securities cuts up to 30 jobs, or 10% of its workforce.
The cuts, which will affect the firm's New York, Chicago and Palo Alto offices, are part of a plan to consolidate the technology and support teams linked to the firm's automated trading operations, said the Reuters source, adding that the restructure does not mean Citadel chief executive Ken Griffin is moving out of the trading business:
"If anything Ken wants us push more into that space."
Citadel Securities is a unit of Citadel, which also runs one of the world's largest hedge funds.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…