Citadel sees no role for banks in FX market making

Market-making and last look were hot topics at FX Invest North America

kirkland-chicago
Chicago

Banks will be displaced by non-bank market-makers in currencies in five years' time, said Jamil Nazarali, head of Citadel Execution Services at Citadel Securities, who warned another scandal could hit traditional broker dealers if they fail to offer the best prices to customers.

Speaking on a panel about alternative market-makers at FX Invest North America in Chicago, Nazarali said non-bank players are better set up and more incentivised to take on risk and provide liquidity than banks, which,

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: