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Royal Bank Of Citadel Doing Alright In Europe!

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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]