Equiduct Gains Citadel Cash, Eyes Retail Flow

Citadel is injecting capital rather than buying existing shares of the MTF's owner Börse Berlin, which means that the money will remain with the Equiduct business, according to Matteo Cassina, president of European execution services for Citadel Securities. "We want to be the most solid financial organization in this space, to be able to face the most challenging environment," he says. Cassina declines to reveal figures. Citadel wouldn't be "scared" if Equiduct had very limited activities in the

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Where have all the exchange platform providers gone?

The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.

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