Ken Griffin's Citadel Securities is muscling into credit derivatives market
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
London
KEN Griffin has become impossible to ignore in the once-lucrative world of credit derivatives, where a group of Wall Street dealers long maintained a stranglehold.
After being kept on the sidelines for the past eight years, Mr Griffin's Citadel Securities is muscling into the market. The firm has traded more than US$116 billion of credit-default swaps tied to US benchmark indexes since April, according to spokesman Zia Ahmed. That's about 11.5 per cent of total trading of those contracts when compared to reported data aggregated from the Depository Trust and Clearing Corp (DTCC) and Bloomberg's swap data repository.
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
