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.

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