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Citigroup to acquire Knight’s derivatives markets business
Citigroup is set to acquire the derivatives markets business of New Jersey-based trade execution services firm Knight Trading in the fourth quarter. Citigroup says it secured the deal with a purchase price of $225 million in cash, for which it will take on all the assets and operations that comprise the derivatives markets business, including electronic and floor-based market-making capabilities in listed equity and fixed-income options
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