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Alternative Market Briefing

Citadel takes technology offering to market with Citadel Technology

Wednesday, May 29, 2013

amb
Stuart Breslow
Bailey McCann, Opalesque New York:

Citadel Investment Group is a blue chip investment firm, and one of its biggest advantages is its technology. Part of that technology, Omnium, has already been licensed out through Northern Trust. Now, Citadel, through Citadel Technology is offering a new slate of technology services for the buy-side that replicates much of the firms own in-house front office technology. Citadel Technology is licensing this solution out to funds this year.

"We are now bringing Citadel Technology to market with a new front office suite. We have dramatically increased the number of clients using our front office software products in just the past 6 months," says Stuart Breslow from Citadel Technology, in an interview with Opalesque.

The technology offers portfolio managers a real-time view of their portfolio, along with a seamlessly integrated order execution (OEM) module. For risk managers there are also modules that will allow stress testing and risk modeling.

According to Breslow, even though the technology was originally crafted for a large multi-strategy firm small funds or single-strategy funds can still take advantage of Citadel Technology. "The services can scale up or down, and are customizable so we can turn particular modules on and off. The software was built with multi-strategy firms in mind, but if you only do long/short equity, for example, we......................

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