Citadel Securities Becomes NYSE's Largest DMM, Acquires KCG's Business

jamil — Jamil Nazarali, head of Citadel execution services

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]