Citadel Securities Announces a Record 72M Share ADV Traded through Citadel Connect in January
Reports Volume Data for First Time
CHICAGO--(BUSINESS WIRE)--Citadel Securities, a leading equity and listed equity options market maker in the U.S., today, for the first time, disclosed volume data for their IOC Gateway, Citadel Connect. A record 72 million equity shares traded through Citadel Connect on average per day in January.1
“As more equity trading activity moves off-exchange, it is critical for market participants to connect to alternative sources of liquidity”
Since last year, Citadel Connect has nearly tripled its share volume and has become a leading destination for institutional investors to obtain unparalleled access to Citadel Securities’ deep and diverse off-exchange liquidity source. It offers market participants minimal transaction costs, high fulfillment rates and low market impact, while providing executions in over 7,500 exchange-listed securities. Citadel Connect also provides clients with a fully customized trading experience while seamlessly accommodating a diverse range of client trading infrastructures and routing technologies.
“As more equity trading activity moves off-exchange, it is critical for market participants to connect to alternative sources of liquidity,” said Jamil Nazarali, Head of Citadel Execution Services, Citadel Securities’ retail and institutional market making division. “Citadel Connect is one of the leading sources of off-exchange liquidity and its rapid growth underscores our commitment to being the world’s leading market maker by providing investors with the fastest, most cost-effective and reliable access to our deep and diverse liquidity.”
About Citadel Securities
Citadel Securities LLC, member FINRA and SIPC, is the leading retail equity and listed equity options market maker in the U.S.2 Executing approximately one out of every four retail trades in U.S. listed equities,3 we make markets in over 26,000 listed and OTC securities worldwide. A trusted partner to the largest U.S. broker-dealers, Citadel Securities provides fast and dependable liquidity and execution services regardless of market conditions. Its technology and unrelenting commitment to enhancing markets has helped create a more liquid, efficient and transparent playing field for retail investors. Citadel Securities also offers customized trading tools for a full spectrum of investment strategies, further enabling institutional investors to trade smarter and faster as stewards of their clients’ capital.
1 Measured based on approximate average daily volume of single-counted shares executed by Citadel Securities through Citadel Connect during January 2014.
2 Source: Thomson Transaction Analytics. Measured based on executed market orders publicly reported by direct competitors pursuant to SEC Rule 605 for Q4 2013.
3 Source: Thomson Transaction Analytics. Measured based on executed market orders publicly reported by direct competitors pursuant to SEC Rule 605 for Q4 2013.