<-bsp-bb-link state="{"bbHref":"bbg://securities/9869818Z%20US%20Equity","_id":"00000186-a3eb-d607-afef-bffbd4350000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Citadel Securities, a pillar of billionaire <-bsp-bb-link state="{"bbHref":"bbg://screens/BBIO%206630169","_id":"00000186-a3eb-d607-afef-bffbd4350001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Ken Griffin’s market-making and hedge fund empire, is seeking a foothold in a corner of the options world traditionally dominated by global banks.
A unit of the firm is applying to become an over-the-counter derivatives dealer under a 1998 Securities and Exchange Commission rule intended to help broker-dealers compete with banks and foreign firms, filings show.
Citadel Securities’ technological prowess helped it capture more than 30% of daily trading volume in the US market for listed equity options — those that trade on an exchange. Now the Miami-based firm is vying ...
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