Citadel Securities On-Boards Daniel Gottlander as its Head of Swaps Trading

Citadel Securities has brought in Daniel Gottlander as its newest Head of Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term Trading. The appointment represents Citadel’s latest senior hire from the banking space, with Gottlander joining from Citigroup with an eye on expansion.

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Citadel Securities has been rather quiet in H2 2017 in terms of marquee hires – earlier this year the group brought in Virginie Saade to a newly created role as its Director of Government and Regulatory Policy for Europe. Additionally, the group hired Stephen Luparello, a former director of the division of trading and markets at the Securities and Exchange Commission (SEC) as its general counsel in April.

Mr. Gottlander’s appointment constitutes an expansion of Citadel Securities’ rapidly growing fixed-income segment. In this sense, his hire reflects a strategic stroke by Citadel Securities, which is looking to augment its electronic business for benchmark USD and euro interest rate swaps as well as the firm’s voice business for customized swaps.

He will be joining Citadel Securities in October, per a Reuters report. His departure from Citigroup for Citadel Securities will snap a seven-year tenure with the lender, who has been involved with multiple roles since 2010.

In his new role as the Head of Swaps Trading at Citadel Securities, Mr. Gottlander will build off years of expertise in the space, also helping facilitate the group’s fixed-income growth. Since 2014, Citadel Securities has seen its US market-making business grow in successive years, quickly ascending to one of the largest players for e-traded USD swaps.

Securing talent of Mr. Gottlander’s caliber also underscores the emphasis Citadel Securities is placing on its growth prospects in the region. Most recently at Citigroup, he worked as its Vice President in the North American rates trading group. This saw him responsible for developing technology, pricing and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term for the lender’s USD interest rate swap desk.

The rest of his tenure at Citigroup was relegated to other stints as an Associate USD Interest Rate Swaps trader, and Macro Positioning Analyst. The totality of his professional career has been spent at Citigroup, according to information made public on his Linkedin profile.