Citi Shuts Its Market-Making Business


The banking giant Citi Group called it a day on its retails options’ market-making business on Wednesday. They stated that primarily only a few people knew about the decision. During the commencement of the previous month, the bank had halted the operations of the business.

However, the company is continuing its market-making functionaries for customers with huge net-worth and institutional investors.

According to a report, Citi let the opportunity go because it was unable to pull out the best and most reliable technology in the arms race at the venue of Wall Street. Notably, the group has not commented on anything that has come out as conjectures and statements.


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