Wednesday, 29 July 2015
Last updated 19 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…