Latest news with #electronic market-making
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.
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.
