Citadel Securities Seeks to Become First Foreign Firm to Enter China's Market-Making Sector
-
Citadel Securities, a major market-making firm, is exploring getting a license to operate in China.
-
This would make it the first foreign firm to formally enter China's market-making sector outside of interbank and forex.
-
China has been approving more market-making licenses and expanding derivatives to boost liquidity.
-
At least 16 Chinese brokerages have been approved as market makers for domestic shares.
-
Citadel Securities sees market-making as necessary in China as products get more complex.