Citadel Securities Acquires Automated Trading Desk Assets from Citi

Citadel Securities today announced it is acquiring the equity trading assets of Automated Trading Desk Financial Services, a division of Citi. As reported by Traders, “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.”

Established in 2002, Citadel Securities is the world’s leading retail equities market maker, executing about 14% of U.S. consolidated volume in listed equities, 34% of US retail equities volume, and 21% of US-listed equity options volume (read full release here). Earlier this month, Citadel Securities completed its acquisition of KCG Holdings’ designated market maker business, cementing the firm’s position as the top DMM on the New York Stock Exchange.

Noted Jamil Nazarali, Head of Citadel Execution Services, “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.”