Jun
20
Citadel Deepens Reach Into Wall Street’s Bond-Dealing Stronghold
By-
Electronic market-maker to trade more off-the-run Treasuries
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Move is expansion of foray into client-to-dealer market
Citadel Securities is ratcheting up its head-to-head fight against the world’s largest banks as it seeks to handle a greater share of investors’ trades in the $14 trillion Treasuries market.
The electronic market-maker has been a presence in inter-dealer Treasuries trading for more than a decade. Now it’s deepening its reach into the client-to-dealer arena — a longtime bastion of Wall Street banks that’s proven tough for newcomers to crack and makes up almost half of daily turnover…
Citadel Deepens Reach Into Wall Street’s Bond-Dealing Stronghold
