20
Paul Hamill
Global Head of Fixed Income, Currencies and Commodities
Citadel Securities
PNR

As regulatory reforms rein in banks’ risk taking, Citadel Securities is moving aggressively to fill the breach. Paul Hamill, who joined the institutional trading arm of Chicago-based hedge fund firm Citadel in January 2015, is building a market-making business that includes interest rate swaps, government and corporate bonds and credit default swaps. “We’ve been able to identify opportunities for the business to grow and develop in the face of ongoing structural changes in the market,” says Hamill, who was global head of forex, rates and credit execution services at UBS before joining Citadel Securities as global head of fixed income, currencies and commodities (FICC). “We’ve been able to look at market changes as an opportunity rather than take a ‘sky is falling’ approach,” the 40-year-old adds. “It’s been eye-opening to realize how much appetite there is among the client base to do things differently and to find new ways to get better liquidity.” Citadel is the first-ever nonbank liquidity provider for interest rate swaps and, according to Bloomberg, is the No. 1 provider of dollar swap liquidity — a “huge feat,” Hamill says. Citadel provides fully executable prices for swaps and U.S. Treasuries; Hamill is looking ahead to rolling out swaps in the major currencies in Europe and credit indexes in the U.S. and Europe. With an MA in political science from the University of Glasgow and a master’s of science in finance from the University of London, Hamill held FICC positions at UBS from 2000 to ’08 and 2008 to ’10, with a stint at Barclays Capital in between.

 

 
2016 Trading Technology 40
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1. Raymond Tierney III
Bloomberg
2. Richard Prager
BlackRock
3. Chris Isaacson
BATS Global Markets
4. Jonathan Ross
KCG Holdings
5. Bradley Peterson
Nasdaq
6. Brad Levy
Markit
7. Dan Keegan
Citi
8. Ronald DePoalo
Fidelity Institutional
9. Raj Mahajan
Goldman Sachs Group
10. Ari Studnitzer
CME Group
11. Mayur Kapani
Intercontinental Exchange
12. Gerald O’Connell
CBOE Holdings
13. Nicholas Themelis
MarketAxess Holdings
14. Gil Mandelzis
EBS BrokerTec (ICAP)
15. Bill Chow and Richard Leung
Hong Kong Exchanges and Clearing
16. Rob Park
IEX Group
17. Philip Weisberg
Thomson Reuters
18. John Mackay (Mack) Gill
MillenniumIT
19. Robert Cornish
International Securities Exchange
20. Paul Hamill
Citadel Securities
21. Eric Noll
Convergex
22. Tyler Moeller and Joshua Walsky
Broadway Technology
23. Rishi Nangalia
REDI Holdings
24. Veronica Augustsson
Cinnober Financial Technology
25. Alasdair Haynes
Aquis Exchange
26. Manoj Narang
Mana Partners
27. Gaurav Suri
Arcesium
28. Robert Sloan
S3 Partners
29. Anton Katz and Stephen Mock
AQR Capital Mgmt
30. Stu Taylor
Algomi
31. D. Keith Ross Jr.
PDQ Enterprises
32. Donal Byrne
Corvil
33. Alfred Eskandar
Portware
34. R. Cromwell Coulson
OTC Markets Group
35. Masayuki Hosaka
Rakuten
36. Peter Maragos and David Karat
Dash Financial
37. Amar Kuchinad
Electronifie
38. Jennifer Nayar
SR Labs
39. Dave Snowdon
Metamako
40. Dan Raju
Tradier