Ioana Scripcaru, based in London, had been with Paribas since 2014, serving as Head of GBP Trading for BNP Paribas since 2021.
Without admitting or denying the findings, Citadel Securities consented to a cease-and-desist order imposing a censure and a $7 million penalty.
Citadel Securities announces the opening of a new office in Tokyo and plans to launch its U.S. fixed-income offerings in Japan.
In addition to Virtu, founding consortium members include Citadel Securities, Flow Traders and Jane Street Capital.
Robinhood Markets derived most of its revenues from PFOF, with Citadel Securities accounting for 22% of the total.
Robinhood and Citadel are accused of having hatched an anticompetitive scheme to restrict retail investors’ access to specific stocks.
Citadel Securities’s risk management controls were not reasonably designed to prevent the entry of erroneous orders.
The plaintiffs in a short squeeze lawsuit targeting companies such as Robinhood and Citadel need more time to draft an amended antitrust complaint.
The Court has found that traders embroiled in the January trading short squeeze have failed to plead conspiracy.
According to the traders, Citadel mischaracterizes the SEC’s Report and cherry picks portions that expand its arguments.