Citadel Securities steps up push into disclosed trading space

Non-bank market-maker hires three to expand its direct client business and European coverage

Paul Hamill: “Europe is a big focus for us"

Citadel Securities is the latest non-bank market-making firm to push into the disclosed trading arena, building relationships with clients in a move away from the anonymous ECN-based world, which in the past was associated with non-bank liquidity providers (NBLPs).

In November 2015, FX Week ran an article highlighting the ambitions that the largest non-bank players had begun to cultivate to break into the disclosed relationship-trading space. Citadel Securities’ move follows a significant push