Saturday, 5 September 2015
Last updated 16 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.
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…