Citadel Securities, Virtu, JP Morgan and Bank of America first to join ICE ETF Hub
Four major institutions are the first authorised participants to use the ICE ETF ecosystem, according to chief executive Jeff Sprecher.
Four major institutions are the first authorised participants to use the ICE ETF ecosystem, according to chief executive Jeff Sprecher.
Citadel Securities joins market makers IMC, Maven Securities and Optiver, already committed to providing liquidity to Fenics GO.
Brian Oliver joined Citadel Securities in 2015 from JP Morgan to lead FICC sales and relationship management in Europe.
Nicola White helped to significantly expand Citadel’s electronic market making capabilities for US Treasuries and other fixed income markets.
Research from TABB Group found that XTX Markets is now the largest ELP SI in Europe, following record activity across the landscape in October.
While many market participants are quick to point to market makers in times of market volatility, Citadel Securities says electronic liquidity providers are not to blame.
Citadel Securities’ Irish subsidiary is the fourth firm to commence trading on SIX Swiss Exchange so far this year.
Aquis Market Gateway launched in January 2018 now counts SIs including Jane Street, Citadel Securities and Tower Research Capital as users.
Market maker-run systematic internalisers are bedding in to market structures but transparency concerns are still lingering.
Market maker-operated systematic internalisers are winning market share now more than a year into the MiFID II regime.