Citadel Securities Opening Doors in Dublin

Good morning Dublin! As reported in Financial News, Citadel Securities is expanding its European footprint in Q1 2017, opening a new base of operations in the ‘Fair City.’ The move will enable the firm to extend its US options and ETF market making business into the continent, complementing its current European equities and futures franchise, as well as its growing FICC business. European regulators have been overhauling financial markets to allow non-bank entrants to introduce new technologies, creating a more open, fair, and efficient trading environment. Dublin’s combination of a strong base in experienced talent and world class universities make it a natural choice for long-term growth. Efforts to hire traders, programmers, quants and analysts are underway.

Snip from Financial News: “The firm’s growth has come amid the emergence of technology-driven, non-bank financial institutions that are not as constrained by new capital requirements as banks and have been boosted by reforms in the wake of the financial crisis aimed at improving transparency in the derivatives markets. The moves are forcing many products onto electronic trading platforms and through clearinghouses.”

The new office will be supported by the firm’s existing EU headquarters in London.