Service Providers
Citadel, Others Found Electronic Futures Exchange
December 24, 2007
Citadel Investment Group is backing a new all-electronic futures exchange that may compete with hedge fund giant’s hometown Chicago Mercantile Exchange, the world’s largest futures exchange.
The as-yet-unnamed futures market is expected to launch its first product—U.S. treasury futures—early next year.
The low-cost bourse is backed by a dozen financial institutions, and will be headed by Paul Saltzman, chief operating officer of eSpeed, as acting CEO. eSpeed will also serve as the exchange’s technology provider.
In addition to Citadel and eSpeed, the other members of the group include banks Bank of America, Barclay’s, Barclay Capital, Citigroup, Credit Suisse, Deutsche Bank, JPMorgan, Merrill Lynch and the Royal Bank of Scotland, as well as trading firm GETCO LLC and liquidity provider PEAK6.
- Share:
-
-
-
-
-
-
-
-
-
-
Print This
Send This
ReprintsMore News
- ConvergEx Buys Boutique Prime Brokerage Firm
- TBG Taps Alternative Investment Vet To Lead Marketing
- Insparo Adds Africa Marketer-Manager
- Madoff Trustee And His Law Firm Seek Another $22 Million
- EIP Opens Alelph Fund To Outsiders
- Citadel Nabs First Bond Underwriting Gig
- Citi Pulls Seed Funding From Credit Hedge Fund
- Pharos Financial Launches Agriculture Fund
- SAM Capital Names COO, Targets U.S. Investors
- Millennium Vet To Launch Commodity Fund In Jan.
- Paulson Gold Fund Features Lockup, $10M Minimum
- Jupiter Gives Hedge Fund Investors An Out
- Thames River Plans Fund Of Absolute Return Funds
- Gartmore’s Hedge Fund Biz. Set To Grow
- OppenheimerFunds Settles ‘Hedge Fund’ Lawsuit
Sign Up For FINalternatives
Upcoming Events
This Week's Most Viewed
Guest Contributor
Dynamic Decisions Case: Are Feeder Funds Benefiting By Calling It Fraud?
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
- Part I: Hedge Fund Due Diligence -- Insider Trading
- Mandatory Forex Registration Looms Large
- Leveling the playing field? House Committee Approves SEC Registration For Some Private Fund Advisers, Exempts Others
More guest contributors
Cleantech Corner
Ireland Launches $40 Million Seed Fund
Ireland has launched the EUR 26 million ($40 million) Bank of Ireland Seed and Early Stage Equity Fund to invest in startup and early stage companies. More...
- Report: World’s Biggest Firms Still Bullish on Cleantech
- New Private Equity Firm To Focus On Cleantech Sector
- Soros Announces $1 Billion-Plus Commitment To Clean Energy
More Cleantech
