Citadel Securities: We Are All Good In The Hood

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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."

The firm isclaims such is not the case. "Fixed income won't be shut down-- trading revenues are positive YTD," we were told. "There aren't going to be any mass layoffs. There will probably just be adjustments to the business that are routine." Of course, this could very well be them quibbling over semantics-- one firm's "mass layoffs" are another firm's "routine business adjustments." It's all relative. In related news, earlier this summer, circa July, we were told there'd been talk of shutting all of Citadel Securities, by the end of the year.

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