Wednesday, 25 November 2015
Last updated 12 hours ago
Dec 24 2007 | 10:25am ET
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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…