Exclusive: Bryan Seegers Joins Citadel Securities

Finance Magnates learned on Tuesday that Bryan Seegers has joined Citadel Securities as a director in the market maker's eFX sales team, based out of New York.

Seegers joins Citadel from investment bank Jefferies where he spent the past two years as SVP in the group's eFX trading division.

Prior to joining Jefferies, Seegers spent almost five years at ADS Securities.

Based in Abu Dhabi, the new Citadel executive started out as a senior FX dealer before becoming head of eFX pricing and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term. He was then promoted again and, when he left the firm in mid-2017, it was as co-head of global eFX coverage.

From Alpari to Citadel

Seegers got his start in the retail trading world back in 2009.

That year, he joined the now-defunct Alpari US as a manager on the broker's retail trading desk.

After a year in that role, he became the broker's chief dealer in the US.

During a two year stint leading the dealing desk, Seegers built up Alpari's US trading team and exponentially grew the broker's business in the US. He also helped to forge connections with banks to provide better Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term to clients.