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Citadel Securities’ India unit reported a significant increase in trading revenue and profit in its first full year of operations, reflecting the robust growth of the country’s $4.6 trillion stock market. For the 12-month period ending in March, the firm recorded total revenue of 29 billion rupees ($344 million) and a net income of 14.68 billion rupees.
Trading firms like Jane Street and Citadel Securities have surged ahead of traditional investment banks, capitalizing on electronic trading advancements and regulatory changes. With average employee pay at Jane Street exceeding $900,000 compared to Goldman Sachs' $340,000, these firms dominate markets, handling vast trading volumes and reshaping Wall Street's landscape. As they expand into various markets, they pose new regulatory challenges, highlighting a shift in the financial ecosystem where banks must adapt to a more competitive environment.
Citadel Securities Corporate Solutions LLC
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citadel securities india reports significant profit growth in first operational year
07:55 11.11.2024
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