Citadel Securities, Wolfe Research Form Joint Venture

According to Bloomberg News, Citadel Securities is taking a minority stake in Wolfe Research to help win new trading business as it makes a bigger push with institutional investors. The market-maker founded by Ken Griffin will execute trades on behalf of Wolfe’s clients, and its own customers will gain access to Wolfe’s research, according to a statement Friday. Citadel Securities is Wolfe’s first outside strategic investor, according to its founder and managing partner, Ed Wolfe, who declined to disclose the terms of the deal.