Citadel Securities bought Morgan Stanley’s unit focused on electronic market-making for US equity options, expanding the firm’s already dominant role in the popular derivatives, according to people familiar with the matter.

It's a good time to be a market maker if your name is Citadel Securities. The firm led by Ken Griffin just scooped up Morgan Stanley's (NYSE:MS) electronic options market-making business, cementing its position in the industry.

An internal company memo revealed the person is a neurologist who previously worked at Morgan Stanley and is a Harvard grad.

Citadel Securities bought the unit of Morgan Stanley that’s focused on electronic market-making for US equity options, a move that further cements the firm’s dominant role in the popular derivatives.

Morgan Stanley offers an annual dividend yield of 2.57%, which is a semi-annual dividend amount of 93 cents per share ($3.70 a year).

Discover how Citadel Securities solidifies its dominance in market-making with a key acquisition from Morgan Stanley.

A federal appeals court rejected Morgan Stanley’s request to revisit a lower court’s order to compel advisors to take their deferred compensation claims against the company to private arbitration.

Citadel Securities is buying Morgan Stanley's unit focused on electronic market-making for US equity options. The move expands the firm's already dominant role in the market. Bloomberg's Sridhar Natarajan joined Wall Street Beat on Open Interest to talk about the deal.

Morgan Stanley is shuttering a unit focused on electronic market-making for US equity options, retreating from a corner of the derivatives landscape that’s grown increasingly popular with retail ...

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