Citadel Securities ‘expects’ to make US primary dealer bid
Firm has invested to meet Fed’s entry criteria, as it seeks bigger say in ongoing UST market reforms
Citadel Securities plans to continue expanding into roles traditionally held by banks, by applying to become a primary dealer in the US – one of the select group of firms that can act as a counterparty to the Federal Reserve, and bid in US Treasury auctions.
Among the attractions for Citadel is the chance to have a bigger say in ongoing reforms of the US government bond market.
“We do at this
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