
Citadel, which manages $12.3 billion in hedge funds, has expanded into fund administration and investment banking. Accordingly, Miglis has built the Chicago-based firm’s technology to adapt to its widening portfolio — for example, modifying the equity trading engine for credit and mortgage products. “Across all our business lines, technology is a key part of our competitive advantage, and we are constantly innovating in response to changing market conditions,” he says.
A recent case in point: OmniumAccess, which gives administration clients real-time access to their data and to trade ideas gleaned from a deep pool of information. “The history at Citadel is using technology to differentiate ourselves,” says Miglis.
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