Citadel Securities, hedge fund Citadel to open new office in Singapore By Reuters

© Reuters. Traders work at the Citadel Securities post on the floor of the NYSE

(Reuters) – Chicago-based hedge fund Citadel and Citadel Securities, which provides trading services to asset managers, banks, broker-dealers and hedge funds, will open a new office in Singapore, Citadel said on Monday.

The two businesses, which have 17 offices across North America, Europe and Asia-Pacific, are also continuing to grow their presence in Hong Kong, according to an emailed statement.

Citadel Securities is expanding its existing footprint in Shanghai and Sydney, the statement added, without mentioning how many new jobs will be created as a result of these steps.

The expansions in Hong Kong and Shanghai comes in the midst of escalating U.S.-China tensions over issues like trade tariffs, sanctions, and a barrage of Washington’s actions against China.

Citadel, which managed $34 billion of assets globally as of early July, has operated in the Asia-Pacific region since 2005, while Citadel Securities has operated in the region since 2009.

The news was reported earlier by Bloomberg, which cited data showing Citadel Securities accounted for about 20% of over $15.5 billion U.S. shares traded in March, when the coronavirus pandemic and a Russia-Saudi Arabia oil price war triggered a market sell off.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button