M&A Deal Summary

Citadel Securities Acquires Automated Trading Desk

On May 16, 2016, Citadel Securities acquired financial services company Automated Trading Desk from Citi

Acquisition Highlights
  • This is Citadel Securities’ 1st transaction in the Financial Services sector.
  • This is Citadel Securities’ 1st transaction in the United States.
  • This is Citadel Securities’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2016-05-16
Target Automated Trading Desk
Sector Financial Services
Buyer(s) Citadel Securities
Sellers(s) Citi
Deal Type Divestiture

Target

Automated Trading Desk

Mount Pleasant, South Carolina, United States
Automated Trading Desk is a brokerage firm specializing in automated trading and customized equity execution solutions. Automated Trading Desk has about 120 broker-dealer customers and trades, on average, more than 200 million shares daily, or 6 percent of the volume on both the New York Stock Exchange and Nasdaq.

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Buyer(S) 1

Buyer

Citadel Securities

Chicago, Illinois, United States
Category Company
Founded 2002
Sector Financial Services
DESCRIPTION

Citadel Securities is a retail equities market maker, executing more then 10% of U.S. consolidated volume in listed equities and more then 30% of U.S. retail equities volume as well as more then 20% of U.S.-listed equity options volume.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 2
State (South Carolina) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-08 Information Management Consultants - Designated Market Making Business

Chicago, Illinois, United States

Information Management Consultants' Designated Market Making (DMM) Business performs a critical role in facilitating price discovery during market openings, closings, and during periods of imbalance or volatility. DMMs have obligations to maintain fair and orderly markets at all times and under all circumstances.

Buy -

Seller(S) 1

SELLER

Citi

New York, New York, United States
Category Company
Founded 1812
Sector Financial Services
Employees237,000
Revenue 78.5B USD (2023)
DESCRIPTION

Citi is a global diversified financial services holding company, whose businesses provide consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. Citi was incorporated in 1812 and is based in New York City.

DEAL STATS #
Overall 16 of 19
Sector (Financial Services) 9 of 12
Type (Divestiture) 13 of 16
State (South Carolina) 1 of 1
Country (United States) 10 of 11
Year (2016) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-11 Citi - Alternative Investor Services Business

United States

Citi - Alternative Investor Services Business is a provider of hedge fund and private equity fund administration services.

Sell $321M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-29 Citigroup - Prepaid Card Services

New York, New York, United States

Citigroup - Prepaid Card Services is a provider of prepaid card services.

Sell -
Mergr

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