Citadel Securities

Miami International Holdings Announces Troy Kane Joins Executive Management Team as President of MGEX

Retrieved on: 
Tuesday, April 9, 2024
Citadel, MIH, BGC Partners, Minneapolis Grain Exchange, Grain, Growth, DePaul University, Finance, Citadel Securities, CME Group, Chicago Mercantile Exchange, FICC, Chicago Board of Trade, Roosevelt University, CME, MGEX, OTC, Commerce, Management

Mark Bagan will continue as CEO of MGEX during a transition period after which time he is expected to continue with MGEX as Executive Vice Chairman of the Board.

Key Points: 
  • Mark Bagan will continue as CEO of MGEX during a transition period after which time he is expected to continue with MGEX as Executive Vice Chairman of the Board.
  • "Troy brings a wealth of experience and expertise to his new role as the President of MGEX and CEO of MIAX Futures, and we are excited to welcome him to the MIH executive management team," said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH.
  • Mr. Kane began his career as a floor clerk at Kane Trading in the grain and oilseed pits at Chicago Board of Trade.
  • Mr. Kane earned a bachelor's degree in commerce from DePaul University and a master's degree in business administration from Roosevelt University.

Miami International Holdings Announces Troy Kane Joins Executive Management Team as President of MGEX

Retrieved on: 
Tuesday, April 9, 2024
Citadel, MIH, BGC Partners, Minneapolis Grain Exchange, Grain, Growth, DePaul University, Finance, Citadel Securities, CME Group, Chicago Mercantile Exchange, FICC, Chicago Board of Trade, Roosevelt University, CME, MGEX, OTC, Commerce, Management

Mark Bagan will continue as CEO of MGEX during a transition period after which time he is expected to continue with MGEX as Executive Vice Chairman of the Board.

Key Points: 
  • Mark Bagan will continue as CEO of MGEX during a transition period after which time he is expected to continue with MGEX as Executive Vice Chairman of the Board.
  • "Troy brings a wealth of experience and expertise to his new role as the President of MGEX and CEO of MIAX Futures, and we are excited to welcome him to the MIH executive management team," said Thomas P. Gallagher, Chairman and Chief Executive Officer of MIH.
  • Mr. Kane began his career as a floor clerk at Kane Trading in the grain and oilseed pits at Chicago Board of Trade.
  • Mr. Kane earned a bachelor's degree in commerce from DePaul University and a master's degree in business administration from Roosevelt University.

Museum of American Finance to Honor Richard H. Clarida, Howard Marks, Charles M. Royce and Tina Byles Williams at 2024 Gala

Retrieved on: 
Thursday, February 29, 2024
Finance, Banking, Professional Services, Arts, Museums, Entertainment, Citadel, Museum, Citadel Securities, Platinum, Oaktree Capital Management, Ziegfeld Theatre (1969), Museum of American Finance, Teaching, CNBC, Applied Technology, Cryptocurrency

The Museum of American Finance , the nation's only independent museum dedicated to finance and financial history, will honor the achievements of four financial leaders at its annual Gala on March 7, 2024.

Key Points: 
  • The Museum of American Finance , the nation's only independent museum dedicated to finance and financial history, will honor the achievements of four financial leaders at its annual Gala on March 7, 2024.
  • The Museum will honor Charles M. Royce—founder, chairman and portfolio manager of Royce Investment Partners—with its Financial Innovation Award.
  • The Museum of American Finance 2024 Lifetime Achievement Award will honor Howard Marks, co-chairman and co-founder of Oaktree Capital Management, for his outstanding career.
  • The Museum will also pay tribute to Tina Byles Williams—chief executive officer, chief investment officer and founder of Xponance—with a Special Recognition honor.

NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES OVER $1 BILLION EQUITY INVESTMENT ANCHORED BY FORMER U.S. TREASURY SECRETARY STEVEN MNUCHIN'S LIBERTY STRATEGIC CAPITAL, HUDSON BAY AND REVERENCE CAPITAL

Retrieved on: 
Wednesday, March 6, 2024
Well, Citadel, Slate, OneWest Bank, Jefferies Group, New York Community Bank, Citadel Securities, Currency, Bank, Growth, Senior management, Federal Housing Finance Agency, NYCB, Documentation, Liberty, Comptroller, Sullivan & Cromwell, Treasury, Oliver Cromwell, National bank

HICKSVILLE, N.Y., March 6, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) ("NYCB" or the "Company") today announced that Liberty Strategic Capital ("Liberty"), Hudson Bay Capital ("Hudson Bay"), Reverence Capital Partners ("Reverence Capital"), Citadel Securities ("Citadel"), other institutional investors and certain members of the Company's management (collectively, the "Investors") will make a combined over $1 billion investment in the Company, subject to finalization of definitive documentation and receipt of applicable regulatory approvals. Liberty is expected to invest $450 million, Hudson Bay will invest $250 million, and Reverence will invest $200 million as part of the transaction.  

Key Points: 
  • Liberty is expected to invest $450 million, Hudson Bay will invest $250 million, and Reverence will invest $200 million as part of the transaction.
  • Secretary Steven Mnuchin stated, "In evaluating this investment, we were mindful of the Bank's credit risk profile.
  • We enter this next chapter with a strong balance sheet and liquidity position supported by a diversified and retail focused deposit base.
  • Sullivan & Cromwell LLP is serving as legal counsel to Liberty Strategic Capital.

OCC Appoints Former Optiver Executive as Chief Financial Risk Officer-Elect

Retrieved on: 
Thursday, January 25, 2024
Finance, Banking, Professional Services, Other Professional Services, Fintech, Citadel, Citadel Securities, Risk, CFRO, Bloomberg L.P., Risk management, Goldman Sachs, OCC, J. P. Morgan, Retirement, PWC, Bank

OCC, the world's largest equity derivatives clearing organization, today announced that Massimo Cutuli has joined OCC as Chief Financial Risk Officer-Elect and will succeed current CFRO Dale Michaels following his upcoming retirement.

Key Points: 
  • OCC, the world's largest equity derivatives clearing organization, today announced that Massimo Cutuli has joined OCC as Chief Financial Risk Officer-Elect and will succeed current CFRO Dale Michaels following his upcoming retirement.
  • “We are very pleased to welcome Massimo to OCC’s leadership team,” said Andrej Bolkovic , OCC Chief Executive Officer.
  • Massimo’s expertise will help OCC further strengthen our risk management capabilities as we continue to enhance our service to market participants.”
    Cutuli has more than 25 years of experience in financial services and management consulting, most recently as Chief Risk Officer at Optiver US LLC.
  • Prior to Optiver, Cutuli was the Head of Risk for Citadel Securities where he was responsible for risk oversight in North America, EMEA and APAC.

EDX Markets Launches Clearinghouse for Crypto Trading and Announces Completion of Series B Funding Round

Retrieved on: 
Tuesday, January 23, 2024
Cryptocurrency, Professional Services, Digital Cash Management, Digital Assets, Technology, Fintech, Citadel, Crypto, Citadel Securities, Pantera Capital, GTS, EDX, Sequoia Capital, BTC, DV, Virtu Financial, Paradigm, LTD

EDX Clearing (EDXC) revolutionizes EDX’s marketplace and is the newest advancement in the markets for digital assets.

Key Points: 
  • EDX Clearing (EDXC) revolutionizes EDX’s marketplace and is the newest advancement in the markets for digital assets.
  • With the launch of EDXC, members benefit from a competitive non-custodial market without the need for bilateral trading agreements.
  • Other investors in EDX include Charles Schwab, DV Crypto, GSR Markets LTD, GTS, HRT Technology, Miami International Holdings and Paradigm.
  • “Further, Pantera’s investment in EDX demonstrates the success of our model and ability to attract quality investors to EDX.

Adams Street Partners Names Michael Kurlander as Partner and Chief Financial Officer

Retrieved on: 
Tuesday, November 28, 2023
Asset Management, Professional Services, Finance, Executive Committee, Multimedia, Culture, Goldman Sachs, Partner, Citadel Securities, Controller, University, CPA, Growth, Columbia University, Kurlander, Treasury, Securitization, Environment, Investment, Citadel

Adams Street Partners , LLC, a private markets investment firm with more than $58 billion in assets under management (“Adams Street”), today announced that Michael Kurlander has been named Partner and Chief Financial Officer.

Key Points: 
  • Adams Street Partners , LLC, a private markets investment firm with more than $58 billion in assets under management (“Adams Street”), today announced that Michael Kurlander has been named Partner and Chief Financial Officer.
  • Effective January 3, 2024, Kurlander will sit on the firm’s Executive Committee and report to Jeff Diehl , Managing Partner and Head of Investments.
  • View the full release here: https://www.businesswire.com/news/home/20231128701375/en/
    “Michael’s experience at both private and public companies will be enormously valuable as Adams Street’s business and products scale,” said Diehl.
  • Mike then served as Chief Financial Officer and Chief Operating Officer of Global Operations.

SEC Charges Citadel Securities for Violating Order Marking Requirements of Short Sale Regulations

Retrieved on: 
Friday, September 22, 2023
Naked short selling, Commission, Record, Citadel LLC, Citadel Securities, Associate, Sale, Market, Logic, Security (finance), Melissa, Regulation, Financial adviser, Citadel, Enforcement

Washington, D.C.--(Newsfile Corp. - September 22, 2023) - The Securities and Exchange Commission today announced settled charges against broker-dealer Citadel Securities LLC for violating a provision of Regulation SHO, the regulatory framework designed to address abusive short selling practices, which requires broker-dealers to mark sale orders as long, short, or short exempt.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - September 22, 2023) - The Securities and Exchange Commission today announced settled charges against broker-dealer Citadel Securities LLC for violating a provision of Regulation SHO, the regulatory framework designed to address abusive short selling practices, which requires broker-dealers to mark sale orders as long, short, or short exempt.
  • To settle the SEC’s charges, Miami-based Citadel Securities agreed to pay a $7 million penalty.
  • According to the SEC’s order, for a five-year period, it is estimated that Citadel Securities incorrectly marked millions of orders, inaccurately denoting that certain short sales were long sales and vice versa.
  • “Compliance with the order marking requirements of Reg SHO is a key component of regulatory efforts to curtail abusive market practices, including ‘naked’ short selling,” said Mark Cave, Associate Director of the SEC’s Division of Enforcement.

Ed Tech Innovators Awarded More Than $4 Million For Tools To Aid 35 Million Learners

Retrieved on: 
Thursday, September 7, 2023
Citadel, SEL, Plio-Pleistocene, Schmidt Futures, DARPA, Education, ChatGPT, Reading, Georgia State University, Research, Meetup, Citadel Securities, Party Rock Mansion, Bill & Melinda Gates Foundation, Open Learning Agency, CNN Heroes, CNN, Organization, School, Learning, Physics, Virtual reality, Bill, Cornell University, Mental health, Tilli, Tutoring, Nursing

WASHINGTON, Sept. 7, 2023 /PRNewswire/ -- The next ChatGPT is out there. So are solutions to improve math skills for K-12 students following the sharpest declines in decades, address equity in education, bolster students' problem-solving and emotional skills, and unlock career training opportunities via virtual reality. Supporting these real-time advances is the Tools Competition, which announced its 2022-23 winners today.

Key Points: 
  • The Tools Competition is one of the largest ed tech competitions in the world.
  • In all, 32 recipients from 12 countries were awarded more than $4 million to develop and expand their tools, which will impact 35 million learners by 2026.
  • This is the third cycle of the Tools Competition, which has awarded nearly $10 million to 80 ed tech innovators to date.
  • It aims to grow the learning engineering field via ed tech innovation that leverages big data to support learning science research.

EDX Markets Selects Anchorage Digital as Custody Provider for New Clearinghouse Business

Retrieved on: 
Tuesday, August 22, 2023
Professional Services, Technology, Cryptocurrency, Software, Finance, Fintech, Banking, Citadel, Learning, Paradigm, Anchorage Digital, EDX, Virtu Financial, Sequoia, Multimedia, Citadel Securities, Risk, Digital, System, Financial services

Institutional crypto exchange EDX Markets (EDX) has selected Anchorage Digital , a regulated crypto platform that provides institutions with integrated financial services and infrastructure solutions, to serve as the custody provider for EDX’s clearinghouse business (EDX Clearing) when it launches later this year.

Key Points: 
  • Institutional crypto exchange EDX Markets (EDX) has selected Anchorage Digital , a regulated crypto platform that provides institutions with integrated financial services and infrastructure solutions, to serve as the custody provider for EDX’s clearinghouse business (EDX Clearing) when it launches later this year.
  • Anchorage Digital will provide safe, secure and regulated infrastructure for EDX to break new ground in bringing market structure standards from traditional finance to the digital asset ecosystem.
  • EDX Clearing will provide clearing services to EDX exchange members using Anchorage Digital Bank for custody of traded assets.
  • By leveraging secure-by-design custody infrastructure from Anchorage Digital, EDX Clearing will give institutions peace-of-mind when trading on EDX.