Citadel Securities

The Little Griffins are moving West. Continue reading »

Update: According to Citadel “we’re laying off some employees but not shutting down the entity. This continues to be an ongoing business.”

From the front lines: Continue reading »

Citadel Securities (Europe) “saw its profits rise 7% to US$6 million last year, the firm said in a regulatory filing. The unit said it planned to expand its equities execution services for external clients this year, while it also is developing a retail broker execution business which aims to generate trading income using algorithms. The unit said it expects similar levels of trading revenue and profitability in 2011.” [FINalternatives]

Early today, a rumor circulated that Citadel Securities would be making some considerable cuts to its fixed income unit, and that it would be possibly “dismantled.” Continue reading »


From the front lines: “This just happened. He drank that fucker and quick. The best part was the lack of commentary. Just looked around to see if anyone was watching, took it down and got back to work. Oh, and it was a chick icing a dude.”