Citadel and Citadel Securities Open Paris Office in European Expansion

US hedge fund Citadel and market maker Citadel Securities will open a new office in Paris in a bid to extend the institution’s longstanding presence in Europe, according to a story in The Trade news. The new office, which is subject to regulatory approvals, is due to open in the first half of 2021 and will be the firm’s eighteenth location globally across North America, Europe, and Asia-Pacific. Both Citadel and Citadel Securities have longstanding histories of operating in Europe. Citadel opened its first European office in London in 1999 and operates in equities, fixed income and macro, commodities, credit, and quantitative strategies, in the region. Citadel Securities launched in Europe in 2007. The firm is one of the largest market makers on many of Europe’s equity exchanges and has operated an electronic liquidity provider systematic internalizer (ELP SI) since 2017.