Latest news with #Citadel Securities
Bloomberg
11-07-2025
- Business
- Bloomberg
Citadel Securities Big Move in Derivatives Dominance
Citadel Securities is buying Morgan Stanley's unit focused on electronic market-making for US equity options. The move expands the firm's already dominant role in the market. Bloomberg's Sridhar Natarajan joined Wall Street Beat on Open Interest to talk about the deal. (Source: Bloomberg)
Bloomberg
10-07-2025
- Business
- Bloomberg
Citadel Securities Strengthens Position With Morgan Stanley Deal
Citadel Securities bought the unit of Morgan Stanley that's focused on electronic market-making for US equity options, a move that further cements the firm's dominant role in the popular derivatives. The deal will likely bolster Citadel Securities as an options market maker, filling orders both electronically and on trading floors. Similar to a designated market maker for stocks, a specialist in options is approved by an exchange and required to quote buy and sell prices beyond the normal requirements of a registered market maker.
Reuters
10-07-2025
- Business
- Reuters
Trading giant Virtu backs plan for IEX's proposed options exchange
July 10 (Reuters) - Trading and market making firm Virtu Financial threw its support behind a proposal by IEX to launch a new U.S. options exchange, saying the initiative could promote competition and innovation. In a letter to the Securities and Exchange Commission dated July 9, Virtu called IEX's proposed platform a "well-intentioned" step that could benefit retail investors and enhance transparency. IEX has proposed an options exchange that would introduce a 350-microsecond delay on trades, a speed bump aimed at curbing advantages held by high-frequency traders and leveling the playing field for other market participants. However, the plan has sparked debate. Market maker Citadel Securities and the Securities Industry and Financial Markets Association urged the SEC to reject the proposal, arguing that the speed bump could affect market dynamics and price discovery. Virtu, meanwhile, said it supported efforts that "enhance the investor experience". "We believe that the introduction of new trading venues has the potential to promote competition, foster innovation and possibly deliver better trading outcomes for all market participants," Virtu wrote. Besides Virtu, IEX's proposal has also garnered support from the Chicago Trading Company, All Options USA and HAP Trading. "We appreciate that a broad range of industry participants and market makers are willing to go on the record in support of our options filing, and in particular, the feature that protects market makers from latency arbitrage," IEX's Chief Market Policy Officer John Ramsay said. "Our exchange is designed to foster competition and deliver better prices for investors — a theme that is consistently reflected in their endorsements."
Bloomberg
10-07-2025
- Business
- Bloomberg
Citadel Securities Buys Morgan Stanley's Options Market Maker
Citadel Securities bought Morgan Stanley 's unit focused on electronic market-making for US equity options, expanding the firm's already dominant role in the popular derivatives, according to people familiar with the matter. The trading firm founded by billionaire Ken Griffin acquired Morgan Stanley's on-exchange options business and took on a large portfolio of equity options positions, the people said. The deal includes specialist posts on venues including Cboe, Nasdaq, NYSE and MIAX, the people said, asking not to be identified discussing private information.
