Citadel Securities Expands an Already Dominant Options Business
- Firm has started trading U.S. stock options for institutions
- Market maker says it handles about 25% of trading in industry
This article is for subscribers only.
Ken Griffin’s Citadel Securities, already a giant in trading U.S. stock options, has a plan to gobble up even more market share in this key derivatives business.
The market maker has assembled a seven-person team, led by former Deutsche Bank AG Managing Director David Silber, to win order flow from institutional investors. Launched in January, the venture buys and sells exchange-traded options tied to individual U.S. stocks and equity indexes on behalf of those customers.