Citadel Securities Receives $1.15B Funding from Sequoia, Paradigm

Citadel Securities, a major market maker, has received $1.15 billion in funding from Sequoia and Paradigm that took its valuation to approximately $22 billion, the company announced.

The minority investment round was led by Sequoia that saw proceeds from Sequoia Heritage, Sequoia Capital Global Equities and the Global Growth Fund. As a part of the deal, Sequoia Partner Alfred Lin will take a seat on the board of Citadel.

“Many companies that have transformed the world have achieved their highest ambitions with Sequoia as their partner,” said Peng Zhao, the Chief Executive Officer at Citadel Securities. “As technological innovation in financial markets becomes only more important, we see enormous opportunities to meet the needs of our clients across more markets and more products.”

“Our partnership with Sequoia and Paradigm puts us in an even stronger position as we continue to scale our business, broaden into new markets and attract the world’s most brilliant minds.”

Market Maker

Citadel is a big name in the trading industry as it offers 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 for a broad range of equity and fixed income products. Its services are used by both retail and institutional investors.

The company has a presence in more than 50 countries and operates from 12 offices across North America, EMEA and APAC. According to the company’s figures, it has more than 1,600 institutional clients onboard that includes sovereign wealth funds and central banks.

“Citadel Securities’ commitment to solving for the needs of its clients through advanced analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term and technology has helped make markets more accessible for millions of people,” said the Sequoia Partner and new Citadel Securities Board Member, Lin.

Matt Huang, the Co-Founder and Managing Partner of Paradigm, added: “Citadel Securities has developed software and algorithms that have driven substantial improvement to market structures for the benefit of institutional and retail investors everywhere.”