Citadel Securities

This article is about market maker. For hedge fund, see Citadel LLC.
Citadel Securities LLC
Company typePrivate
IndustryFinancial services
Founded2002; 22 years ago (2002)
FounderKenneth C. Griffin
HeadquartersSoutheast Financial Center, Miami, Florida, U.S.
Area served
Worldwide
Key people
Peng Zhao (CEO)
RevenueDecrease US$6.3 billion (2023)
Number of employees
1,600 (2023)
ParentCitadel Enterprise Americas LLC
Websitecitadelsecurities.com
Footnotes / references
[1][2]

Citadel Securities LLC is an American market making firm providing liquidity and trade execution to retail and institutional clients, headquartered in Miami.[3][4][5] The firm also trades futures, equities, credit, options, currencies, and Treasury bonds. It is the largest designated market maker on the New York Stock Exchange.[6][7]

Citadel Securities is a separate entity from the hedge fund Citadel LLC, although both were founded and are majority owned by American hedge fund manager Kenneth C. Griffin.[8] Citadel Securities moved its headquarters from Chicago to Miami[9][10][year needed] with plans to build a new headquarters on Brickell Bay Drive.[11][12] Peng Zhao, who joined the company in 2006, has been the CEO since 2017.[13]

  1. ^ Doherty, Katherine (11 May 2023). "Ken Griffin's Hand-Picked Math Prodigy Runs Market-Making Empire". Bloomberg Businessweek. Archived from the original on 13 May 2023.
  2. ^ Seligson, Paula; Doherty, Katherine (May 15, 2024). "Citadel Securities Revenue Reaches $2.3 Billion in First Quarter". Bloomberg News.
  3. ^ Gordon, Amanda; Tan, Gillian; Maloney, Tom (28 June 2022). "Griffin's Citadel Seen Behind Record $363 Million Miami Land Purchase". www.bloomberg.com. Retrieved 28 July 2022.
  4. ^ "About Citadel Securities". Citadel Securities. Retrieved 23 August 2022. Miami Global Headquarters Southeast Financial Center 200 S. Biscayne Blvd. Miami, FL 33131
  5. ^ Salzman, Avi. "Citadel Securities Could Become a Crypto Player". www.barrons.com.
  6. ^ "Citadel Securities to buy NYSE market-making unit from IMC". Pensions & Investments. 2020-10-09.
  7. ^ "Citadel Securities to buy rival IMC's NYSE market making business". Reuters. 2020-10-08.
  8. ^ Phillips, Matt; Kelly, Kate (2021-02-18). "A Shadowy but Powerful Wall St. Firm Has Its Moment in Washington". The New York Times. ISSN 0362-4331. Retrieved 2022-05-05.
  9. ^ Darbyshire, Madison. "'The Citadel migration' shaking up Miami's luxury property market". Financial Times.
  10. ^ Fabbro, Rocio (19 September 2023). "Crime and Taxes Could Drive a Trillion-Dollar Industry Out of Chicago". The Messenger. Archived from the original on October 11, 2023.
  11. ^ "Citadel, Sterling Bay part ways on planned waterfront Miami tower". The Real Deal. 10 April 2023.
  12. ^ Dinkova, Lidia (26 December 2023). "Here are South Florida's biggest office leases of 2023". The Real Deal.
  13. ^ Marek, Lynne (30 January 2017). "For its next CEO, Citadel Securities turns to a veteran". Crain's Chicago Business.