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Citadel Securities Reaches Preliminary Agreement to Acquire DMM Unit from IMC

Oct 08, 2020 - PR Newswire
Mergers and Acquisitions

PR Newswire

 Citadel Securities, a leading global market maker, today announced that it has reached a preliminary agreement to acquire IMC's Designated Market Making (DMM) business on the floor of the New York Stock Exchange (NYSE).

Following the close of the transaction, Citadel Securities will reinforce its position as the largest DMM on the NYSE both by number of securities and by market cap. 

"We are thrilled to further extend our presence at the New York Stock Exc...