
Citadel sees no role for banks in FX market making
Market-making and last look were hot topics at FX Invest North America

Banks will be displaced by non-bank market-makers in currencies in five years' time, said Jamil Nazarali, head of Citadel Execution Services at Citadel Securities, who warned another scandal could hit traditional broker dealers if they fail to offer the best prices to customers.
Speaking on a panel about alternative market-makers at FX Invest North America in Chicago, Nazarali said non-bank players are better set up and more incentivised to take on risk and provide liquidity than banks, which
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com