Thursday, 27 November 2014
Last updated 1 day 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...