Public Policy

1

Citadel believes that fair, open, competitive, and transparent markets best serve the needs of all participants.

OTC Derivatives – US

Citadel is a firm supporter of the G-20 reforms to the OTC derivatives markets, including the central clearing and trading requirements. These reforms have already begun and will continue to reduce interconnectedness and systemic risk, improve pre- and post-trade transparency, and foster an open, level, competitive playing field.

Sep 30 2017

Comment Letter to the CFTC on Project KISS

Aug 21 2017

Comment Letter to the CFTC on Review of Swap Reporting Rules

Dec 19 2016

Comment Letter to the CFTC on the Cross-Border Proposal

Mar 7 2016

Comment Letter to the CFTC on Data Quality

Feb 2 2016

Comment Letter to the SEC on the Single-Name CDS Markets

Jul 13 2015

Comment Letter to the SEC on the Cross-Border Proposal

OTC Derivatives – Europe

Citadel is a firm supporter of the G-20 reforms to the OTC derivatives markets, including the central clearing and trading requirements. These reforms have already begun and will continue to reduce interconnectedness and systemic risk, improve pre- and post-trade transparency, and foster an open, level, competitive playing field.

Aug 31 2017

Response to French AMF Public Consultation on Implementing MiFID 2 Pre- and Post-Trade Transparency Requirements

July 31, 2017

Response to ESMA Consultation Paper on the Trading Obligation

July 18, 2017

Response to the European Commission on the EMIR Refit Proposal

Sep 2 2016

Response to ESMA Consultation Paper on the Clearing Obligation for Category 3 Entities

Mar 8 2016

Response to FCA Consultation Paper on MiFID 2 Implementation

Jul 15 2015

Response to ESMA Consultation Paper on the Clearing Obligation Under EMIR (No. 4)

US Treasuries

Citadel supports efforts to modernize the regulatory framework for the US Treasury markets, including the introduction of real-time public reporting, the registration of multilateral trading venues, non-discriminatory access to trading venues, and the expansion of repo clearing. Consistent with our longstanding commitment to more fair and efficient markets, we believe these changes will enhance transparency and resiliency in the US Treasury market and provide Treasury market participants with greater choice among trading venues and counterparties.

Nov 20 2015

Ken Griffin’s Keynote Address at the 2015 Roundtable on Treasury Markets and Debt Management

Apr 22 2016

Response to the Treasury “Request for Information” on the Evolution of U.S. Treasury Market Structure

Aug 15 2016

Comment Letter to the SEC on FINRA’s Treasury TRACE Reporting

Commodity Futures

Citadel believes that investors play an essential and beneficial role in the commodities markets. Investors’ research and analysis leads to greater transparency, facilitating more efficient economic decisions by commodity producers and consumers and optimizing resource allocation across the real economy. At the same time, investors’ market activity enhances liquidity and facilitates the price discovery process for all market participants.

Sep 30 2017

Comment Letter to the CFTC on Project KISS

Mar 16 2016

Comment Letter to the CFTC on Regulation Automated Trading (Reg AT)

Aug 4 2014

Comment Letter to the CFTC on Position Limits (No. 2)

Jul 7 2014

Comment Letter to the EIA on the Monthly Natural Gas Production Report

Feb 10 2014

Comment Letter to the CFTC on Position Limits (No. 1)

Dec 13 2013

Comment Letter to the CFTC on the Concept Release on Automated Trading

Foreign Exchange

Citadel supports the FX Global Code’s objectives of promoting a robust, fair, liquid, open, and appropriately transparent foreign exchange market, and believes that realizing these objectives requires a transition to fully firm pricing and the elimination of “last look” practices.

Sep 21 2017

Comment Letter to the Global Foreign Exchange Committee on Last Look