Citi closes market making business in retail options: FT

📆 23/09/2020 11:40:00
📰 Reuters

⏱ Reading Time:
22 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 97%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

Citigroup Inc has closed its market making business in retail options that serves retail broker-dealers, the Financial Times reported on Wednesday, citing three people with knowledge of the decision.

FILE PHOTO: Two men look at their mobile phones under the Citigroup Inc logo at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. REUTERS/Chris Helgrenhas closed its market making business in retail options that serves retail broker-dealers, the Financial Times reported on Wednesday, citing three people with knowledge of the decision.

The bank closed the business at the start of last month, the FT said, adding that Citi maintained its market making operations for institutional investors and high-net-worth customers. Citi pulled out as it was unable to compete in a technology arms race to be among the fastest and most reliable venues on Wall Street, according to the report.Reporting by Maria Ponnezhath in Bengaluru; Editing by Shounak Dasgupta

Scrivi un Commento

just for options

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Options trading: Legend Tony Saliba shares strategy that made $100,000 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »