Citigroup Acquires Derivative Markets Business Of Knight Trading Group.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Citigroup (NYSE NYSE See: New York Stock Exchange :C) today announced the completion of its acquisition of the assets and operations that comprised the Derivatives Markets The derivatives markets are the financial markets for derivatives. The market can be divided into two, that for exchange traded derivatives and that for over-the-counter derivatives. business of Knight Trading Group. Acquiring Knight's Derivatives Markets business provides Citigroup with significant electronic and floor-based market-making capabilities in listed equity and fixed income options. "We are very pleased to welcome the employees from Knight's derivatives business to Citigroup," said James Forese, managing director and head of Global Equities in Citigroup's global corporate and investment banking group. "We are excited about the opportunity to deliver the combined benefit of our expertise and capabilities to our clients around the world." About Citigroup Our Global Corporate & Investment Banking Group is a leading force in the world's capital markets and consists of three business lines: Global Banking, Capital Markets, and Transaction Services. We provide more industry-leading solutions to more clients in more countries than any of our competitors. No other company serving the capital markets offers Citigroup's geographic reach, local presence, product scope, expertise, and high standards. Citigroup (NYSE:C), the preeminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company which has 200 million customer accounts and does business in more than 100 countries, provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , Banamex, and Travelers Life and Annuity. Additional information may be found at www.citigroup.com. |
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