Citadel Securities is making a significant equity investment in Equiduct,
the electronic trading platform operated by Borse Berlin AG.
The agreement between Citadel Securities and Borse Berlin AG will provide funding to Equiduct for developing its platform in an attempt to become one of Europe’s leading execution venues. Citadel Securities expects to partner with other market participants and order flow providers to enhance Equiduct’s product offerings.
“In the United States, Citadel Securities has already demonstrated its ability to build market share rapidly by offering superior equity execution to its clients,” said Patrik Edsparr, CEO of Citadel Europe. “Citadel Securities will replicate this success in Europe by working with Borse Berlin AG to make Equiduct a premier European trading platform.”