Citadel Securities buys Morgan Stanley’s electronic options market making unit
Deal highlights the growing dominance of high-frequency trading groups on Wall Street
Related reading
Morgan Stanley overtakes arch-rival Goldman Sachs in equities trading
Revival in core Wall Street businesses powers forecast-beating results across America’s biggest banks
Wall Street banks strike capital deals to lend into hedge fund boom
Deal between Morgan Stanley and Blackstone shows how the credit risk transfer market is expanding to riskier assets
Trading firm Tower Research to launch fund for outside investors
High-frequency market makers are seeking new avenues for growth as competition rises
Morgan Stanley to extend reach into private groups in deal for EquityZen
Move reflects appetite on Wall Street for exposure to unlisted companies with eye-popping valuations
Stock trading surge helps Wall Street navigate dealmaking trough
Volatility is keeping market-making desks active at a time when mergers and issuance have slowed
Morgan Stanley to launch spot crypto trading on E*Trade platform
Wall Street bank becomes one of a handful of big lenders to offer service