Global market maker Citadel Securities has opened a new office in Tokyo alongside revealing plans to launch its US fixed-income offerings in Japan.
Tokyo becomes the latest addition in the firm’s global expansion, which now includes 15 offices across North America, Europe and Asia Pacific.
Following its recent registration as a Type 1 Financial Instruments Business Operator, Citadel Securities is now able to offer liquidity in US fixed-income products – including US treasuries and USD interest rate swaps – to the Japanese market.
“Japanese institutional investors have long played a critical role in the global fixed-income markets.”
Once membership in the Japan Securities Dealers Association has been granted, Citadel Securities’ operations are expected to begin under the supervision of Japan’s Financial Services Agency.
The firm’s Japanese operations will be led by a local team including Shinichiro Kato, representative director of the Japan entity and Chungwon Gee, who will be responsible for Asia-hours fixed-income trading.
Alongside accessing Japan’s global platform and resources, Citadel Securities said it also plans to tap the country’s population of technical and trading talents as it continues to grow in the region.
“Japanese institutional investors have long played a critical role in the global fixed-income markets, and we look forward to providing them with our differentiated product offerings driven by innovations, technology, consistent and competitive pricing, best-in-class markets insights, and global macro thought leadership,” said Paul Hamill, global head of fixed income distribution at Citadel Securities.
Earlier this year, Citadel Securities secured a $1.15 billion investment from Sequoia and Paradigm. Following the investment, the market maker revealed plans to expand its technology to more markets and asset classes, including crypto.