Market maker Citadel Securities set to boost credit electronic trading - reports

Transformation of analogue market

Valeria Martinez
clock • 1 min read

Citadel Securities, Kenneth Griffin’s market making firm, is set to accelerate the adoption of electronic trading of corporate bonds with its entry into the credit market.

The firm, which serves as an intermediary between buyers and sellers of assets and executes $463bn worth of deals daily, introduced US investment grade bond trading in June, according to a report by the Financial Times.  Electronic trading, which can play an important role in helping market participants to trade more efficiently and cut costs, has not yet conquered trading in corporate bonds the way it has other asset classes.  Allianz GI's Riddell: Looming credit meltdown risks creating corporate bond fund illiquidity shock The high-frequency market making business, which is the l...

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