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Citadel hires high-frequency trading firm clearing head

Reported by Efinancialcareers
Dec 5, 2024· 2 min read
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Key Takeaways
  • • Gerald Walker, previously global head of clearing and operations at high-frequency trading firm Tower Research Capital for roughly a year and a half, has joined Citadel's operations team, which serves both Citadel and sister firm Citadel Securities, according to eFinancialCareers.
  • • Walker's remit covers futures and options related activity, and includes work on crypto clearing, which sits within Citadel Securities rather than the hedge fund.
  • • Citadel Securities conducts crypto market making on its co-owned digital asset exchange EDX Markets; the hedge fund itself does not trade crypto, per the article.
  • • Walker's prior experience includes eight years at ABN AMRO, where he was head of UK operations and then European head of client service management, and eight years at CME Group.
Summary
Hedge fund Citadel has hired Gerald Walker, who until recently was global head of clearing and operations at high-frequency trading firm Tower Research Capital, according to eFinancialCareers. Walker has joined Citadel's operations team, which supports both Citadel and its sister company Citadel Securities. He will work in a team covering futures and options related activity.

Part of Walker's role involves crypto clearing. eFinancialCareers reports that this work sits only within Citadel Securities, which conducts crypto market making on EDX Markets, a digital asset exchange it co-owns. The hedge fund itself does not trade crypto.

Walker spent the last year and a half at Tower Research Capital. Before that, he spent eight years at Dutch bank ABN AMRO, where he served as head of UK operations and later European head of client service management. He also spent eight years at derivatives exchange CME Group.

The move highlights the operational and clearing talent flowing between high-frequency trading firms and large multi-strategy and market-making organizations, a dynamic eFinancialCareers has tracked across several recent hiring stories.

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Sources

1 outlet

AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Efinancialcareers Citadel hires high-frequency trading firm clearing head