CITADEL SECURITIES

Bloomberg on Citadel Securities’ “Lean, Mean, Derivatives Machine”

September 2, 2016

“Citadel is winning business by offering clients the ability to trade derivatives faster and more cheaply than they can elsewhere,” reports Bloomberg News. The story explains the dramatic changes in the credit derivatives market following the ban on prop trading that went into effect in 2014. Snip:

“Less than 50 percent of credit-default swap indexes were traded on electronic platforms known as swap-execution facilities in the first three months of 2014, compared with almost 80 percent of such trades in the three months ended June 30, according to data compiled by the International Swaps and Derivatives Association.”

Read the full story on Citadel Securities’ “Lean, Mean, Derivatives Machine”