Skip to content

Citadel Securities Revenue Surges to $4.2 Billion on Volatility

  • Market’s wild swings generate 23% jump in trading revenue
  • Firm posts 10 straight quarters of revenue above $1 billion
Ken Griffin

Ken Griffin

Photographer: Christopher Dilts/Bloomberg
Updated on

Ken Griffin’s Citadel Securities raked in a record $4.2 billion in first-half net trading revenue, capitalizing on this year’s surge in market volatility and stepping up its competition with the biggest banks.

Revenue soared about 23% from last year’s first half, according to people with knowledge of the situation. Citadel Securities has posted 10 consecutive quarters of net trading revenue in excess of $1 billion, with eight of those surpassing $1.5 billion, the people said, asking not to be identified disclosing private information.