Citadel Securities Shelves Plan to Join Ranks of Fed Dealers
- Firm opts not to pursue primary dealership for now, people say
- With trading business booming, no need seen to take that step
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Citadel Securities has quietly shelved plans to join one of Wall Street’s most prominent clubs: The ranks of bond dealers that trade directly with the Federal Reserve.
For nearly a decade, the firm’s executives had seen that move as a step toward its goal of becoming a dominant force in the trading of Treasuries.