Citadel Securities to Buy NYSE Market-Making Unit From IMC
- Deal would bolster firm’s position as largest floor broker
- Designated market makers ensure smooth stock trading
Photographer: Spencer Platt/Getty Images
This article is for subscribers only.
Citadel Securities plans to buy the market-making unit of smaller rival IMC Financial Markets, expanding its presence at the New York Stock Exchange.
The deal would shore up Citadel Securities’ position as the largest floor broker on the exchange, according to a statement. Terms weren’t disclosed.