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Citadel Securities hired Aditya Singh from Balyasny. 39 minutes ago Last week reported that ex-Goldman Sachs rates trader Aditya Singh had left Balyasny Asset Management. Today, we can report that Singh is joining Citadel Securities. Citadel Securities didn't respond to a request to comment on Singh's arrival when asked multiple times last week. We understand that he will be supporting the rates team. Singh is understood be joining the team run by Nikhil Choraria, another Citadel Securities hire from Goldman Sachs. Initially we were given to understand that Citadel Securities had not hired Choraria, but Choraria arrived there in September and is running the fixed income business. It's thought that Singh resigned from Balyasny before the recent spate of exits at the fund, possibly departing in May. Balyasny declined to comment previously on his departure. Citadel Securities employs a cluster of Goldman's ex-macro people in London. As well as Choraria and Singh, it employs Nohshad Shah, Frank Flight and Ishaan Sethi. Citadel Securities declined to comment. Follow me on X. Follow me on LinkedIn. Have a confidential story, tip, or comment you'd like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Signal: sarahbutcher.22 Click here to fill in our anonymous form, or email [email protected]. Bear with us if you leave a comment at the bottom of this article: comments are moderated intermittently by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. You must take sole responsibility for comments you post on this site. We will take reasonable steps to weed out anything that we consider to be offensive or inappropriate. The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits. Boost your career. Find thousands of job opportunities by signing up to eFinancialCareers today. Top Articles

BNY, Citadel Securities test tokenized U.S. Treasuries to speed up Wall Street financing. October 13, 2026 Coindesk general Positive BNY and Citadel Securities have successfully tested tokenized U.S. Treasuries on blockchain infrastructure, marking a significant milestone in Wall Street's push to modernize collateral management and financing operations. The pilot transaction demonstrates how blockchain-based government bonds can dramatically accelerate the movement of collateral between settlement and financing workflows - a process that currently costs trading firms billions in tied-up capital annually. By tokenizing U.S. Treasuries, both institutions are exploring how distributed ledger technology can compress settlement times, reduce counterparty risk, and unlock intraday liquidity for major financial players. This development arrives as institutional blockchain adoption accelerates in 2026, with tokenized real-world assets emerging as one of the fastest-growing sectors in digital finance. The collaboration between a top-tier custodian like BNY and a market-making powerhouse like Citadel Securities signals that tokenized Treasury bonds are moving beyond proof-of-concept into practical, high-stakes financial infrastructure. Investors and market participants tracking the tokenized RWA space, DeFi collateral solutions, and blockchain-based securities settlement should treat this as a bellwether moment for institutional crypto integration. Watch for additional Wall Street firms to announce similar tokenization pilots as regulatory clarity around digital securities continues to evolve heading into 2027. The transaction shows how blockchain-based government bonds could help trading firms move collateral faster between settlement and financing.

Citadel Securities reveals glimpse of credit platform broker rankings. October 8, 2026 Famously secretive market maker Citadel Securities has cast light on the equally secretive world of credit trading platforms as part of a scathing whitepaper defending the importance of non-bank liquidity providers in the fixed income space. Referencing Q2 dealer ranking reports, which are not available to the public, Citadel Securities states that it is ranked the most successful for US Treasuries by risk executed by Tradeweb and Bloomberg. Internal data from Citadel Securities report US$23 trillion traded in US Treasuries in 2025, with an average daily volume of US$92 billion. Dealer ranking reports also reveal that Citadel Securities has the number one hit rate for European government bonds in France and Germany by Tradeweb's measure, and the number two hit rate in both regions by Bloomberg's. Both Tradeweb and Bloomberg declined to comment on the report. Tradeweb publishes overall credit trading volumes, while Bloomberg does not. By its own estimates, the firm holds a 14.2% market share in investment grade credit block risk transfer and traded US$406 billion in the asset class, year-to-date. Based on this evidence, the market maker juggernaut states that concerns about the resilience of its liquidity provision have been overstated, arguing that it has a "long-standing and consistent track record of delivering dependable pricing and liquidity". Claims that liquidity from non-bank market makers is less resilient than incumbents have come from incumbents and the trade associations that represent them, Citadel Securities says, pointing to AFME's response to the FCA's engagement paper on market risk capital requirements for investment firms. The response, published in February, argued that the FCA was "playing down" the risks to retail investors, markets and financial stability posed by systematic non-bank liquidity providers. It also stated that newer market entrants, recently expanding into fixed income markets, have not been tested through "a genuinely market-wide fixed income stress event or impact tolerance testing". Citadel Securities highlights four periods of volatility between 2020 and 2026 where it has been able to measure the quality and resilience of its liquidity provision: the Covid pandemic, SVB's collapse, tariffs, and the onset of the Iran conflict this March. Of this most recent stress point, the report observes, "We maintained industry-leading low 'no-quote-rates' while trading a record $1.36 trillion in a day." ESMA proposed that "Systemic non-bank liquidity providers should be subject to requirements aligned with those banks already comply with (where they conduct activities generating similar risks)." Citadel Securities takes a different approach, suggesting that five metrics be used to measure liquidity resilience in all dealer-to-customer markets: non-quote rates, market share, execution cost savings, hit rates, and risk executed. Bank regulations are not suited to non-bank market makers, it argues, calling for calibration in regulation. (C) Markets Media Europe 2026