Citadel and Virtu prepare for tilt at OTC market

Non-bank dealers are connecting to Sefs and conducting test trades

chris-concannon-2

Outside the office of one European bank's head of fixed income, trading floor TVs are showing the last minutes of a World Cup giant killing. Tiny Costa Rica – which has no history of footballing success on the world stage – is about to dump Italy, a traditional superpower, out of the competition.

It's a fitting backdrop for the conversation that follows – on whether Citadel, the Chicago-based hedge fund and trading firm, could rival incumbent dealers as an over-the-counter derivatives market

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net 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 individual account here