Citadel Execution Services has joined the Chicago Stock Exchange (CHX)’s order routing facility, CHXConnect. With this connectivity, Citadel will be able to offer execution services to the exchange’s broker-dealer customers.
CHXConnect allows participants to route orders to connected market-makers and broker-dealers who provide order handling and execution services. Participants also use CHXConnect to route orders to the exchange’s matching system for order exposure and execution as well as the exchange’s institutional brokerage community for agency execution services.
“We are very pleased to add Citadel to our customer ranks,” says Dave Herron, CEO of CHX. “Citadel has built a reputation as a leading market-making firm and it is great that they will be able to leverage our connectivity to bring their level of service to other CHX customers.”
Andy Kolinsky, head of Citadel’s sales and client services, adds, “The CHX has connectivity to a large and diverse base of clients. Citadel is extremely excited to be able to leverage this connectivity network and offer its execution products to a broader range of market participants.”