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Citadel Securities Quietly Shelves Plans to Join Prominent Fed Bond Dealers
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Citadel Securities Quietly Shelves Plans to Trade Directly with Fed, Eyes German Debt
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Citadel Securities has quietly decided to shelve its plans to join the ranks of bond dealers that trade directly with the Federal Reserve, one of Wall Street’s most prominent clubs. The market-making powerhouse, which is already a leading market maker in secondary market trading of U.S. Treasuries, has opted to focus on expanding its operations in Europe. As part of this expansion, Citadel Securities is planning to become a direct buyer of German debt.