Citadel Securities opens Tokyo office to launch US fixed-income products

Rick Steves

“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.”

Citadel Securities has announced the opening of a new office in Tokyo, where it will offer US fixed-income products to Japanese institutional investors.

Operations in Japan will be led by 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, among other sales and trading professionals with deep expertise in the Japanese fixed-income markets.

The liquidity provider plans to tap into Japan’s pool of technical and trading talent as part of its growth strategy in the region.

US Treasuries and USD interest rate swaps in Japan

Paul Hamill, Global Head of Fixed Income Distribution, Citadel Securities, said: “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.”

The company has registered with Japan’s FSA as a  Type 1 Financial Instruments Business Operator. This allows the firm to offer liquidity in U.S. fixed-income products, including U.S. Treasuries and USD interest rate swaps, in the Japanese market.

Citadel Securities awaits its membership with the Japan Securities Dealers Association to be granted in order to start FSA-compliant operations in Japan.

Citadel Securities expands further in Asia

The liquidity provider’s global footprint now includes 15 offices across the globe, namely in North America, Europe, and Asia Pacific.

The APAC regions accounts for six offices and more than 200 professionals, including Hong Kong, where it has launched its fixed-income offerings in 2020. Citadel Securities has been operating in Asia since 2009.

One of the largest market makers in U.S. Treasuries and USD interest rate swaps globally, Citadel Securities caters to banks, asset managers, pension funds, hedge funds, central banks, and sovereign wealth funds, in more than 55 jurisdictions.

  • Read this next

    Digital Assets

    Binance Broadens Its VIP Invitation Program for Traditional Asset Traders

    Step Into the Future of Trading: Binance Invites Traditional Asset Traders to Join Its Exclusive VIP Program

    Digital Assets

    Algotech Presale Revolutionizes DeFi Scene, Surpassing $1 Million Raised in Just Weeks

    Emerging Cryptocurrency trading platform Algotech (ALGT) known to be famous with its cutting-edge features. The TradFi platform features advanced algorithms to provide a competitive edge to traders. 

    Fintech

    Revolut enables direct transfers from Singapore to Bangladesh and Kenya

    British fintech firm Revolut has broadened its array of services with the introduction of the “Mobile Wallets” feature in Singapore, facilitating direct money transfers to Bangladesh and Kenya.

    Digital Assets

    SBF claims “zero loss” to FTX customers, 100-year sentence is “grotesque”

    Sam Bankman-Fried, the former FTX CEO who was found guilty of fraud charges last year, is facing his sentencing next month. But before that day arrives, he’s making a plea for what he considers a fair shake.

    Digital Assets

    Bitcoin nears $62,000, sparking retail buying frenzy

    Bitcoin dashed past the $61,000 barrier on Wednesday, a peak it hadn’t touched since the waning days of November 2021.

    Market News

    OPEC+ Extension of Oil Output Cut Causes Rally

    The dynamics surrounding crude oil are indeed fascinating, given its unique role as both a globally traded commodity and a vital energy source deeply influenced by the OPEC+ alliance’s decisions.

    Institutional FX

    DKK reports 226% growth in 2023 with eyes on African expansion

    “Our numbers are beginning to show how we are powering, the growth required by emerging markets, and we plan for the success of our strategies to continue to thrive in 2024.”

    Industry News

    ‘WTF’ as in ‘What The Fraud?’, Sumsub’s new podcast on digital fraud

    “We found a lack of informative podcasts talking about digital fraud threats and prevention for business owners. So, we decided to dive in and share our expertise along with industry top minds in the ‘What The Fraud?’ podcast.”

    Digital Assets

    Coin Metrics integrates market data from Cboe Digital

    “We are pleased to work with Coin Metrics and believe that having quality and timely data, and systems to analyze that data, will help crypto markets mature as well as evolve to become a core component of a diversified investment portfolio. We are focused on providing access and solutions to the spot and derivatives crypto market in a way which mirrors an investor’s experience with traditional markets.”

    <