Citadel in Talks to Buy Citigroup’s Automated Trading Desk

Moderator: moderators

kreslik.news
rank: 5000+ posts
rank: 5000+ posts
Posts: 5183
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 0
Gender: None specified

Citadel in Talks to Buy Citigroup’s Automated Trading Desk

Postby kreslik.news » Tue May 10, 2016 9:25 am


Chicago-based hedge fund, Citadel, a key investor in the world’s major financial markets, is reported to be in talks to buy Citigroup’s Automated Trading Desk (ATD), an electronic market-maker, as it seeks to broaden its sizeable market-making operations, according to sources.
If Citigroup parts with Automated Trading Desk, it will be the latest bank to retreat from market making.

The new world of online trading, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.

No sale price or valuation has been disclosed for ATD, which was acquired by Citigroup for $680 million ... (read more)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “news”