Thursday, 25 December 2014
Last updated 20 hours ago
Jun 9 2014 | 10:47am ET
Citadel Investment Group’s effort to build a full-service investment bank sputtered several years ago. Now, the hedge fund firm’s brokerage business is expanding further into areas increasingly abandoned by banks.
Citadel Securities is making a foray into the swaps business with interest-rate derivatives. The move follows the firm’s foray into foreign-exchange trading services last month.
Chicago-based Citadel incorporated Citadel Securities Swap Dealer in March. At about the same time, it hired Credit Suisse’s Yanfeng Chen, who has worked on electronic swap-trading platforms and high-frequency trading systems.
“Trading is more efficient and electronic, and that is where we see great opportunity to serve more clients with more products,” Citadel execution-services chief Jamil Nazarali said.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.