Citadel Securities Eyes OTC Options to Boost Market-Making Clout
Miles Weiss - Bloomberg Law
Citadel Securities, a pillar of billionaire Ken Griffin's market-making and hedge fund empire, is seeking a foothold in a corner of the options world traditionally dominated by global banks. A unit of the firm is applying to become an over-the-counter derivatives dealer under a 1998 Securities and Exchange Commission rule intended to help broker-dealers compete with banks and foreign firms, filings show.
/jlne.ws/3SQUAHQ
Miles Weiss - Bloomberg Law
Citadel Securities, a pillar of billionaire Ken Griffin's market-making and hedge fund empire, is seeking a foothold in a corner of the options world traditionally dominated by global banks. A unit of the firm is applying to become an over-the-counter derivatives dealer under a 1998 Securities and Exchange Commission rule intended to help broker-dealers compete with banks and foreign firms, filings show.
/jlne.ws/3SQUAHQ
