Breaking: Citadel Securities Expands into FX Market-Making, Teams up with Shift Forex

Citadel Execution Services (CES), a division of Citadel Securities LLC and an established market leader in U.S. equities and options, announced today that it has expanded the company's market-making capabilities to the spot foreign exchange (FX) market.

Designed to meet the growing demand from FX participants for unique Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term, CES’s foreign exchange offering includes pricing and service levels in line with Tier 1 bank providers, with the flexibility and customization of leading non-bank providers. CES's FX capabilities allows brokerages to better identify, quantify and manage FX risk on a per trade basis.

The company's Head of Citadel Execution Services (CES), Jamil Nazarali stated in the company's official statement, “Just as we saw with exchange-traded assets, foreign exchange is becoming increasingly specialized.” He further elaborated, “CES has built out a market leading platform in equities by developing powerful technology and trading algorithms. We seek to bring the same level and quality of liquidity to the FX market, helping enable brokerages to lower their execution costs and ultimately offer a better service to their clients.”

CES’s FX offering is fully operational and trades with buyers and sellers in most major FX venues and directly for a number of brokerage clients. Additional currency pairs and capabilities will follow in the coming months.

The company is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), establishing itself as a leading retail equity and listed equity options market maker in the U.S. It executes approximately one out of every four retail trades in U.S. listed equities and makes markets in over 26,000 listed and OTC securities worldwide.

Citadel Securities possesses vast technological capabilities and an unrelenting commitment to enhancing markets with a highly liquid, efficient and transparent playing field for retail investors. The company also offers customized trading tools for a full spectrum of investment strategies, further enabling institutional investors to trade smarter and faster as stewards of their clients’ capital.

The company has partnered with the New York-based consultancy firm Shift Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, which will provide additional services to CES’s FX clients. Justin Gilmore, co-founder of Shift Forex, noted in the company's announcement, “The way FX liquidity is sourced and distributed is changing rapidly, and brokerages who embrace the transition will be the biggest beneficiaries. CES’s entry means the landscape will change that much more quickly; Shift Forex is proud to be a part of it.”