Citadel Securities President Jim Esposito Talks Partnering With Smaller Banks

Citadel Securities' strategy and outlook are discussed with its president, Jim Esposito. Citadel Securities aims to mirror Amazon's impact on e-commerce by offering liquidity through exchange market making, retail market engagement, and direct institutional coverage, setting it apart from traditional banks. While already a major player in equities, the firm sees significant growth potential in fixed income, including U.S. rates and investment-grade credit, with a measured approach to expanding into high-yield bonds and emerging markets. AI's role in improving operational efficiency and investment strategies is a key focus for Citadel Securities and its clients, with the firm actively exploring AI applications, while also building a mid-tier liquidity ecosystem to support smaller banks in servicing their clients.