Citadel prepares for swap market-making role

Citadel prides itself on its strong risk management and culture, but its head of risk Alex Lurye says there is no room for complacency, as the hedge fund also looks to set up as a swaps dealer

It feels like a scene out of Steven Spielberg’s film Minority Report.

Alex Lurye, head of global portfolio construction and risk at Citadel, stands before a curved wall fitted with 36 large touch screens that stretch from floor to ceiling, deftly moving panels of data around with his fingers.

A handful of risk managers sit in pods arranged in a semicircle behind him, fiddling with even more touch screens embedded in their desks.

This futuristic scene plays out in Citadel’s risk centre in its