Citadel Securities Sets up New Office in Tokyo

Citadel Securities, a leading global market maker, has announced the establishment of a new office in Tokyo and its plans of launching U.S. fixed-income offerings in Japan.

Citadel Securities is now allowed to offer liquidity in U.S. fixed-income products, including U.S. Treasuries and USD interest rate swaps, in the Japanese market as it has been registered as Type 1 Financial Instruments Business Operator recently. The company will commence under the supervision of Japan's Financial Services Agency once it gets the approval to be the member of Japan Securities Dealers Association.

Paul Hamill, Global Head of Fixed Income Distribution at Citadel Securities commented: "Japan has a highly sophisticated, large and dynamic investor base, and we are excited to strengthen our presence in the country as we continue to expand in Asia Pacific and globally. Japanese institutional investors have long played a critical role in the global fixed-income markets, and we look forward to providing them with our differentiated product offerings driven by innovations, technology, consistent and competitive pricing, best-in-class markets insights, and global macro thought leadership."

Citadel Securities's in Japan will be led by a highly experienced local team including Shinichiro Kato, Representative Director of the Japan entity, responsible for fixed-income distribution in Japan, and Chungwon Gee, responsible for Asia-hours fixed-income trading. As the market maker continues to grow in the area, Citadel Securities also wants to access Japan's world-class technical and trading talent to help it to achieve its ambitious.

Earlier this year, the firm received $1.15 billion investment​ from Sequoia Heritage, Sequoia Capital Global Equities and the Global Growth Fund, which consolidated its financial strength and provided strong financial support for this market expansion.