May 05, 2016
Share on
We’re delighted to share that Citadel Securities’ acquisition of KCG Holdings’ designated market maker (DMM) business closed this week. The move will cement Citadel Securities as the DMM with the largest footprint on the exchange, responsible for trading approximately 1,500 issuers who represent about $9 trillion of market cap. DMMs play an important role in the market by ensuring investors are able to efficiently trade many of the world’s largest and most recognizable public companies.
In a letter to clients today, Jamil Nazarali, the head of Citadel Execution Services, noted:
“We are excited to bring our world-leading market making expertise and trading acumen to the floor of the NYSE by representing some of the largest public companies as DMM. At the same time, we will continue to maintain our focus on providing you with exceptional execution quality and unparalleled service as we maintain our commitment to ensuring better outcomes for all investors in our financial markets.”
Launched in 2002, Citadel Securities has a long track record of transforming markets by reducing trading costs, increasing transparency, and improving execution quality for retail investors.
Citadel Securities Opens Tokyo Office, Continuing Global Expansion
Citadel Securities Ranked #2 on the 2022 LinkedIn Top Companies List in Financial Services
Citadel and Citadel Securities to Relocate HQ from Chicago to Miami
Citadel Securities Announces $1.15 Billion Investment from Sequoia and Paradigm
Layla Royer Among the 50 Leading Women in Hedge Funds
Citadel Securities Expands Leading DMM Business
Citadel Securities Expands Asia-Pacific Presence
Citadel Securities Named Among 2020 Best Workplaces in Chicago by Great Place to Work®
Citadel Securities Named to Fast Company’s Annual List of the World’s Most Innovative Companies
Peng Zhao Named to Fortune Magazine’s 40 Under 40 List
FT: Top NYSE Trader Readies for Uber IPO Scrum
Worth the Share: Business Insider on Citadel Securities’ Designated Market Making Business