Citadel Securities Trading Revenue Slides 35% on Muted Market
- First-half figure falls to $2.73 billion as volatility eases
- Company posts 14 straight quarters of revenue above $1 billion
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Citadel Securities’ first-half net trading revenue slid 35% from last year’s volatility-fueled surge as the trading firm founded by Ken Griffin seeks to compete with the big banks.
The market maker generated $2.73 billion in revenue in the first six months of this year after a record $4.2 billion haul in the first half of 2022, according to people with knowledge of the matter. The figure has exceeded $1 billion for 14 straight quarters, the people said, asking not to be identified disclosing private information.