Tuesday, August 10, 2004

Citigroup going gung-ho on derivatives

Citigroup seems to be giving a real push to their derivatives business. They've recently made a $225 mn purchase of Knight Trading's option business.

Article: Citigroup to Buy Knight Derivatives Unit

Seems very recently it had also become an electronic specialist on the CBOE. It also recently announced that it was buying Lava Trading. Knowing how meticulous Citigroup is, looks like they've spotted something :P.
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