Citadel Securities is terminating the remaining sales and trading employees in its securities business as it concentrates on electronic trading, Bloomberg reports. The shed some two dozen employees follows the recent decision of the New York-based firm to close its equity research group and investment bank.
Some 25 of the sales and trading workers will be moved to other jobs in the securities division. Before the shutdown, the sales and trading team had about a hundred members and the investment bank about 30.
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