Citadel Getting Into The Quant Business

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Former Knight Capital executives will run the new unit.

Jamil Nazarali, 43, and Matt Cushman, 37, will join Citadel in September and report to Griffin, said Devon Spurgeon, a spokeswoman for Chicago-based Citadel. They will work with groups across the firm, including equities, currencies and high- frequency trading, she said.

[BusinessWeek]

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