The Little Griffins are moving West. Continue reading »
Citadel Securities
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 »
