Article: Citadel Gets a Good Deal with E*Trade

NEW YORK (HedgeWorld.com) - A Securities and Exchange Commission filing on Tuesday [Dec. 4] by E*Trade Financial Corp. should dispel any doubt about whether Citadel Investment Group LLC got a good deal when it provided a $2.5 billion cash infusion for E*Trade Financial Corp.

Tuesday's SEC filing revealed that in addition to the portfolio, Citadel will gain a big chunk of E*Trade's execution business as well. According to the agreement, E*Trade will route its approximately 40% of its customers' orders in exchange-listed stocks and "substantially all" of its customer orders in exchange-listed options to Citadel for the next three years.

"It is a great thing for E*Trade as Citadel is known for ...

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