Citadel Securities Acquires Automated Trading Desk Assets From Citi
Citadel Securities expands business by buying certain automated equity market making assets of Automated Trading Desk Financial Services, LLC, a subsidiary of Citigroup Inc.
16 May, 2016, 10:00 ET
NEW YORK, May 16, 2016 /PRNewswire/ -- Citadel Securities LLC, one of the top liquidity providers and market makers in the world, today announced that it has acquired certain assets of Automated Trading Desk Financial Services, LLC ("ATD"), a leading automated equities market making business, from Citi.
The addition of these ATD assets is the latest step in the expansion of Citadel Securities. This transaction will further enhance Citadel Securities' position as an industry leader, help the firm provide retail investors with access to additional liquidity and offer strong execution quality to more clients.
"This acquisition supports the growth of our industry-leading equities business and reflects our commitment to leveraging our global footprint, cutting-edge technology and trading expertise to meet the diverse needs of our clients as traditional providers continue to exit this space," said Jamil Nazarali, Head of Citadel Execution Services.
The acquisition follows the recent announcement of Citadel Securities' purchase of KCG Holding's Designated Market Maker business at the New York Stock Exchange.
Citadel Securities is the leading retail equities market maker, executing approximately 14%1 of U.S. consolidated volume in listed equities and 34%2 of U.S. retail equities volume as well as approximately 21%3 of U.S.-listed equity options volume.
Established in 2002, Citadel Securities has a long track record of transforming markets through solutions that reduce trading costs, increase transparency, and improve execution quality for all investors.
Citadel Securities has partnered with ATD and Citi to transition clients to its platform.
About Citadel Securities
Citadel Securities' mission is to create the fairest, most cost effective, transparent and democratized markets in history. Led by our world class team and enabled by our leading edge trading and execution technology, we seek to transform markets around the world through predictive analytics and high performance computing.
We strive to stand among the most trusted and impactful financial firms of our time and draw the best and brightest to Citadel's culture of meritocracy that prizes research and analytical rigor.
The team makes its mark every day from our offices around the world.
Chicago • New York • London • Hong Kong • Toronto • Shanghai • Shenzhen • Sydney
Securities activities in the U.S. are conducted by Citadel Securities LLC, member FINRA & SIPC.
- Measured based on publicly reported total transaction volume during the 12 months ending Q4 2015.
- RegOne. Measured based on executed shares for market orders publicly reported by direct competitors pursuant to SEC Rule 605 for Q4 2015.
- Measured based on the sum of contracts executed as options router and market-maker divided by the publicly reported total OCC cleared volume during the 12 months ending Q4 2015.
SOURCE Citadel Securities LLC
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