Gold prices edge higher; Fed indepedence fears spur safe haven buying
Investing.com -- Citadel Securities, a leading US market-making firm, has reported a record-breaking trading revenue of $9.7 billion for the full year, a 55% increase from the previous year, according to Bloomberg News. This figure surpasses the trading revenues of some of Europe’s largest banks, including Deutsche Bank AG (ETR:DBKGn) and Barclays (LON:BARC) Plc, marking Citadel Securities’ most significant trading haul to date.
The firm, which was initially a small group built alongside Ken Griffin’s hedge fund, has steadily grown into a major player in the US market-making industry. The recent revenue report places Citadel Securities ahead of several notable European lenders in terms of trading revenue.
Despite this impressive growth, Citadel Securities still trails behind some of its US counterparts, such as Bank of America Corp (NYSE:BAC). and Goldman Sachs Group Inc (NYSE:GS). The company’s record trading revenue of $9.7 billion surpasses the previous record of $7.5 billion set in 2022.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.