DMMs, unique to the NYSE, are responsible for making sure there is always liquidity available for buyers and sellers of their assigned listing. Three firms control roughly 90 percent of the listings: IMC, a Dutch-based market maker; GTS, who in January acquired Barclays' DMM business; and now Citadel Securities.
GTS CEO Ari Rubenstein spoke with WatersTechnology about his firms acquisition earlier this week.
The KCG DMM team will transition to Citadel Securities, and the deal is expected to
Rich Newman joins to talk about challenges facing the alternative data space and why open data is becoming increasingly important.Subscribe to Weekly Wrap emails