Citadel shut out of Tradeweb as it makes US Treasury move

Firm is first non-bank on Bloomberg, but primary dealer catch means it cannot join Tradeweb

Citadel blocked from signing up as a US Treasury market-maker on Tradeweb

Citadel Securities is set to start quoting US Treasuries on Bloomberg's dealer-to-client trading platform this week but has been blocked from doing so on Tradeweb, thanks to a closely guarded rule book that is said to bar any firm from joining the bank-owned platform unless it is a primary dealer. That stipulation has raised Citadel's ire, but it's understood the firm will – sooner or later – be allowed to join.

Paul Hamill, global head of fixed income, currencies and commodities at Citadel

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a 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: