Tuesday, 13 October 2015
Last updated 2 hours ago
Oct 7 2013 | 9:45am ET
Citadel Investment Group will not buy the market-making business of E*Trade Financial, the retail brokerage twice bailed out by the hedge fund.
Chicago-based Citadel, which already has its own market-making unit, had been among those tipped to buy G1 Execution Services since E*Trade said in July it would exit the business. G1X is currently under Financial Industry Regulatory Authority investigation over its order-routing practices.
Citadel first invested in E*Trade in 2007 and was among the troubled company's largest shareholders until March, when it exited the investment. Citadel founder Kenneth Griffin, who joined the E*Trade board in 2009, left it in May.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…