Company News Bloomberg: Citadel Securities Grows Credit-Default Swaps Market Share, Launches EUR Credit

Bloomberg: Citadel Securities Grows Credit-Default Swaps Market Share, Launches EUR Credit

September 01, 2016

As reported by Bloomberg this morning, Citadel Securities has quickly made an impact on the credit default swap indices (CDX) market since its launch in April, now claiming over 11% in market share. Snip:

“This is not an easy market to enter,” said Paul Hamill, Citadel Securities’ global head of fixed income, currencies and commodities. “We’re thrilled by the reaction and plan on expanding further, including into Europe. The investor base, across the board, is feeling the impact of the banks pulling back and therefore most are willing to engage new sources of liquidity.”

Citadel Securities, a leading market maker for USD and EUR interest rate swaps and U.S. treasuries, has been steadily introducing innovations such as live, firm, and consistent pricing in the fixed income markets to deliver much-needed liquidity to clients.

Read the full story now on Bloomberg: Ken Griffin’s Citadel Securities is Muscling Into Credit Derivatives.